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.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

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