Builders FirstSource, Inc. (NASDAQ:BLDR) insider M Chad Crow sold 158,384 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $18.24, for a total transaction of $2,888,924.16. Following the completion of the sale, the insider now owns 446,248 shares of the company’s stock, valued at approximately $8,139,563.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Builders FirstSource, Inc. (BLDR) traded up $0.20 during mid-day trading on Friday, reaching $18.67. The company’s stock had a trading volume of 1,921,100 shares, compared to its average volume of 1,205,581. The company has a market cap of $2,160.00, a PE ratio of 17.93 and a beta of 2.14. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. Builders FirstSource, Inc. has a 52-week low of $10.34 and a 52-week high of $18.86.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. equities analysts expect that Builders FirstSource, Inc. will post 1.06 earnings per share for the current year.
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A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC upped their price objective on shares of Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. SunTrust Banks, Inc. restated a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Friday, November 10th. B. Riley upped their price objective on shares of Builders FirstSource from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Wedbush restated a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.50.
Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new position in Builders FirstSource during the 3rd quarter worth about $110,000. SG Americas Securities LLC bought a new position in Builders FirstSource during the 2nd quarter worth about $114,000. Victory Capital Management Inc. bought a new position in Builders FirstSource during the 3rd quarter worth about $147,000. Ameritas Investment Partners Inc. increased its holdings in Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after purchasing an additional 1,253 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after purchasing an additional 8,497 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.
About Builders FirstSource
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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