Peregrine Capital Management LLC Purchases Shares of 460,780 Builders FirstSource, Inc. (NASDAQ:BLDR)

Peregrine Capital Management LLC purchased a new position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 460,780 shares of the company’s stock, valued at approximately $7,059,000. Peregrine Capital Management LLC owned 0.41% of Builders FirstSource as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new stake in Builders FirstSource during the first quarter valued at approximately $108,000. Invictus RG bought a new stake in shares of Builders FirstSource during the first quarter worth approximately $140,000. Envestnet Asset Management Inc. boosted 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 period. Nine Chapters Capital Management LLC bought a new stake in shares of Builders FirstSource during the first quarter worth approximately $150,000. Finally, Gargoyle Investment Advisor L.L.C. bought a new stake in shares of Builders FirstSource during the first quarter worth approximately $177,000. 85.17% of the stock is owned by institutional investors.

Builders FirstSource, Inc. (NASDAQ:BLDR) traded down 1.58% on Friday, reaching $15.57. The company’s stock had a trading volume of 549,164 shares. 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 stock’s 50 day moving average price is $15.86 and its 200 day moving average price is $14.76.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the business posted $0.31 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource, Inc. will post $1.12 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Peregrine Capital Management LLC Purchases Shares of 460,780 Builders FirstSource, Inc. (NASDAQ:BLDR)” was originally published by BNB Daily and is the sole property of of BNB Daily. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/20/peregrine-capital-management-llc-acquires-shares-of-460780-builders-firstsource-inc-nasdaqbldr-updated-updated-updated.html.

BLDR has been the subject of a number of analyst reports. Zacks Investment Research cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Citigroup Inc. lifted their price objective on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, May 11th. Wedbush reaffirmed an “outperform” rating and set a $20.00 price objective (up from $19.00) on shares of Builders FirstSource in a research note on Wednesday, May 17th. BidaskClub raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, FBR & Co reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research note on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Builders FirstSource has an average 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 dated Friday, June 9th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the transaction, the chief executive officer now owns 633,635 shares of the company’s stock, valued at approximately $9,447,497.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.60% of the stock is owned by corporate 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.

Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

Receive News & Ratings for Builders FirstSource Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply