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.
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.
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