UBS Asset Management Americas Inc. boosted its position in Builders FirstSource, Inc. (NASDAQ:BLDR) by 147.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 36,594 shares of the company’s stock after buying an additional 21,796 shares during the period. UBS Asset Management Americas Inc.’s holdings in Builders FirstSource were worth $545,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of BLDR. National Investment Services Inc. WI raised its position in shares of Builders FirstSource by 17.9% in the first quarter. National Investment Services Inc. WI now owns 14,950 shares of the company’s stock worth $223,000 after buying an additional 2,266 shares during the period. Gargoyle Investment Advisor L.L.C. acquired a new position in shares of Builders FirstSource during the first quarter worth about $177,000. Fox Run Management L.L.C. raised its position in shares of Builders FirstSource by 59.6% in the first quarter. Fox Run Management L.L.C. now owns 32,400 shares of the company’s stock worth $483,000 after buying an additional 12,100 shares during the period. Teachers Advisors LLC raised its position in shares of Builders FirstSource by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 196,860 shares of the company’s stock worth $2,160,000 after buying an additional 12,842 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of Builders FirstSource during the first quarter worth about $312,000. 84.49% of the stock is currently owned by institutional investors and hedge funds.
Builders FirstSource, Inc. (BLDR) opened at 15.85 on Monday. The firm has a 50-day moving average price of $15.19 and a 200 day moving average price of $14.11. Builders FirstSource, Inc. has a 52-week low of $9.04 and a 52-week high of $16.50. The firm has a market capitalization of $1.78 billion, a P/E ratio of 11.08 and a beta of 2.15.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.49 billion. Builders FirstSource had a return on equity of 48.88% and a net margin of 2.54%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.13) earnings per share. Analysts forecast that Builders FirstSource, Inc. will post $1.09 EPS for the current year.
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A number of brokerages have recently issued reports on BLDR. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. FBR & Co restated a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a report on Tuesday, June 27th. Wedbush restated an “outperform” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Builders FirstSource in a report on Wednesday, May 17th. Finally, Citigroup Inc. raised their price objective on Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.00.
In other news, CEO Floyd F. Sherman sold 35,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $14.91, for a total value of $521,850.00. Following the completion of the sale, the chief executive officer now owns 633,635 shares in the company, valued at $9,447,497.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Morris E. Tolly sold 50,268 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $14.81, for a total value of $744,469.08. Following the completion of the sale, the insider now owns 126,205 shares of the company’s stock, valued at approximately $1,869,096.05. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by company 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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