Teachers Advisors LLC raised its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 38.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 273,307 shares of the company’s stock after buying an additional 76,447 shares during the period. Teachers Advisors LLC owned about 0.24% of Builders FirstSource worth $4,072,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BLDR. Ameritas Investment Partners Inc. acquired a new position in Builders FirstSource during the first quarter worth $108,000. Envestnet Asset Management Inc. raised its position in Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the period. Nine Chapters Capital Management LLC purchased a new position in Builders FirstSource during the first quarter worth approximately $150,000. Gargoyle Investment Advisor L.L.C. purchased a new position in Builders FirstSource during the first quarter worth approximately $177,000. Finally, 1st Global Advisors Inc. raised its position in Builders FirstSource by 17.0% in the first quarter. 1st Global Advisors Inc. now owns 13,557 shares of the company’s stock worth $202,000 after buying an additional 1,971 shares during the period. Institutional investors and hedge funds own 85.17% of the company’s stock.
Shares of Builders FirstSource, Inc. (NASDAQ BLDR) opened at 15.57 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 10.30 and a beta of 2.16. The stock’s 50 day moving average is $15.86 and its 200-day moving average is $14.76. Builders FirstSource, Inc. has a 12-month low of $9.04 and a 12-month high of $17.22.
Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. Builders FirstSource’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. Analysts anticipate that Builders FirstSource, Inc. will post $1.12 earnings per share for the current year.
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A number of research analysts have recently commented on the stock. Deutsche Bank AG boosted their price target 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. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. FBR & Co restated a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Tuesday, June 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $20.00 price objective (up from $19.00) on shares of Builders FirstSource in a report on Wednesday, May 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.29.
In related news, CEO Floyd F. Sherman sold 35,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the transaction, the chief executive officer now directly owns 633,635 shares of the company’s stock, valued at $9,447,497.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.60% 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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