Insider Selling: Builders FirstSource, Inc. (BLDR) Director Sells 36,000 Shares of Stock
Builders FirstSource, Inc. (NASDAQ:BLDR) Director Cleveland A. Christophe sold 36,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.66, for a total transaction of $599,760.00. Following the sale, the director now owns 48,181 shares of the company’s stock, valued at approximately $802,695.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Builders FirstSource, Inc. (BLDR) traded down 0.55% during mid-day trading on Friday, hitting $16.22. 1,159,096 shares of the company were exchanged. Builders FirstSource, Inc. has a 12-month low of $9.04 and a 12-month high of $17.22. The company has a market capitalization of $1.83 billion, a P/E ratio of 10.73 and a beta of 2.11. The company’s 50-day moving average is $16.05 and its 200 day moving average is $15.30.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. Builders FirstSource’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Analysts expect that Builders FirstSource, Inc. will post $1.12 EPS for the current year.
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Several analysts have commented on BLDR shares. BidaskClub cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. FBR & Co reiterated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Tuesday, June 27th. Deutsche Bank AG upped their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Wedbush reiterated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Thursday, September 7th. Finally, Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Builders FirstSource has an average rating of “Hold” and a consensus target price of $17.29.
A number of hedge funds have recently added to or reduced their stakes in BLDR. Ameritas Investment Partners Inc. acquired a new position in Builders FirstSource in the first quarter valued at $108,000. SG Americas Securities LLC acquired a new position in Builders FirstSource in the second quarter valued at $114,000. PNC Financial Services Group Inc. lifted its holdings in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after buying an additional 8,497 shares during the period. Invictus RG acquired a new position in Builders FirstSource in the first quarter valued at $140,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after buying an additional 3,861 shares during the period. Institutional investors and hedge funds own 85.48% of the company’s stock.
Builders FirstSource Company Profile
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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