Parametric Portfolio Associates LLC increased its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 71.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,902 shares of the company’s stock after buying an additional 26,557 shares during the period. Parametric Portfolio Associates LLC owned 0.06% of Builders FirstSource worth $952,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Gargoyle Investment Advisor L.L.C. purchased a new stake in Builders FirstSource during the first quarter worth approximately $177,000. Karp Capital Management Corp bought a new stake in Builders FirstSource during the first quarter valued at about $219,000. National Investment Services Inc. WI boosted its stake in Builders FirstSource by 17.9% in the first quarter. National Investment Services Inc. WI now owns 14,950 shares of the company’s stock valued at $223,000 after buying an additional 2,266 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in Builders FirstSource during the first quarter valued at about $312,000. Finally, Sheets Smith Wealth Management bought a new stake in Builders FirstSource during the first quarter valued at about $358,000. 85.17% of the stock is currently owned by institutional investors.
Builders FirstSource, Inc. (NASDAQ:BLDR) traded down 1.58% during trading on Friday, hitting $15.57. 549,164 shares of the stock traded hands. Builders FirstSource, Inc. has a 12 month low of $9.04 and a 12 month high of $17.22. The company has a market cap of $1.75 billion, a P/E ratio of 10.30 and a beta of 2.16. The company’s 50 day moving average price is $15.86 and its 200 day moving average price is $14.76.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $0.31 EPS. Builders FirstSource’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post $1.12 EPS for the current fiscal year.
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BLDR has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Citigroup Inc. lifted their price objective on shares of Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, May 11th. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Wedbush reissued an “outperform” rating and set a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a research note on Wednesday, May 17th. Finally, FBR & Co reissued a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Builders FirstSource currently has a consensus rating of “Buy” and a consensus price target of $17.29.
In other news, CEO Floyd F. Sherman sold 35,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $14.91, for a total transaction of $521,850.00. Following the sale, the chief executive officer now directly owns 633,635 shares in the company, valued at approximately $9,447,497.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.60% of the stock is currently owned by corporate insiders.
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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