Metropolitan Life Insurance Co. NY held its position in Builders FirstSource, Inc. (NASDAQ:BLDR) during the first quarter, according to its most recent filing with the SEC. The firm owned 58,637 shares of the company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned approximately 0.05% of Builders FirstSource worth $874,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of BLDR. Ameritas Investment Partners Inc. acquired a new position in Builders FirstSource during the first quarter valued at $108,000. Invictus RG purchased a new stake in shares of Builders FirstSource during the first quarter worth approximately $140,000. Envestnet Asset Management Inc. raised its stake in shares of 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 last quarter. Nine Chapters Capital Management LLC purchased a new stake in shares of Builders FirstSource during the first quarter worth approximately $150,000. Finally, Gargoyle Investment Advisor L.L.C. purchased a new stake in shares of Builders FirstSource during the first quarter worth approximately $177,000. 85.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Builders FirstSource, Inc. (BLDR) opened at 15.57 on Friday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 10.30 and a beta of 2.16. The firm’s 50-day moving average price is $15.86 and its 200-day moving average price is $14.76. Builders FirstSource, Inc. has a one year low of $9.04 and a one year high of $17.22.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts anticipate that Builders FirstSource, Inc. will post $1.12 earnings per share for the current year.
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BLDR has been the subject of a number of research analyst reports. Zacks Investment Research lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Citigroup Inc. boosted their target price on Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, May 11th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Wedbush reaffirmed an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a research report on Wednesday, May 17th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research report on Tuesday, June 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.29.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 35,000 shares of the firm’s stock in a transaction that occurred 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 owns 633,635 shares of the company’s stock, valued at $9,447,497.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.60% of the stock is currently owned by company insiders.
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.
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