HBK Investments L P reduced its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 60.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,296 shares of the company’s stock after selling 56,404 shares during the quarter. HBK Investments L P’s holdings in Builders FirstSource were worth $791,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of BLDR. Carillon Tower Advisers Inc. purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at $72,560,000. Hennessy Advisors Inc. purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at $37,771,000. Lakewood Capital Management LP purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at $37,241,000. BlackRock Inc. lifted its position in shares of Builders FirstSource by 22.1% in the fourth quarter. BlackRock Inc. now owns 8,812,200 shares of the company’s stock valued at $192,018,000 after acquiring an additional 1,594,755 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Builders FirstSource by 30.9% in the third quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after acquiring an additional 997,132 shares in the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.
BLDR has been the topic of several recent research reports. ValuEngine downgraded Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, January 31st. Stifel Nicolaus upped their price objective on Builders FirstSource from $23.00 to $26.50 and gave the company a “buy” rating in a research report on Monday, January 22nd. Stephens restated a “buy” rating and issued a $27.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 17th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $26.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $23.41.
BLDR stock opened at $19.88 on Friday. Builders FirstSource, Inc. has a 12-month low of $13.33 and a 12-month high of $23.28. The firm has a market capitalization of $2,320.07, a PE ratio of 16.01 and a beta of 2.05. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.99 and a current ratio of 1.75.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Wednesday, February 28th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.23. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. analysts predict that Builders FirstSource, Inc. will post 1.79 EPS for the current fiscal year.
In other news, CEO M Chad Crow sold 53,635 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $21.34, for a total value of $1,144,570.90. Following the transaction, the chief executive officer now directly owns 274,952 shares in the company, valued at approximately $5,867,475.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Donald F. Mcaleenan sold 194,043 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $21.66, for a total value of $4,202,971.38. Following the completion of the transaction, the senior vice president now owns 442,148 shares in the company, valued at $9,576,925.68. The disclosure for this sale can be found here. Insiders have sold 409,650 shares of company stock worth $8,790,722 over the last quarter. 14.60% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2018/03/24/hbk-investments-l-p-sells-56404-shares-of-builders-firstsource-inc-bldr.html.
Builders FirstSource 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.
Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NASDAQ:BLDR).
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.