Schneider Capital Management Corp lifted its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 280,661 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Schneider Capital Management Corp owned 0.25% of Builders FirstSource worth $4,300,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of BLDR. Ameritas Investment Partners Inc. acquired a new stake in Builders FirstSource in the 1st quarter worth about $108,000. SG Americas Securities LLC acquired a new stake in Builders FirstSource in the 2nd quarter worth about $114,000. PNC Financial Services Group Inc. boosted its stake in Builders FirstSource by 10,237.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the last quarter. Invictus RG acquired a new stake in Builders FirstSource in the 1st quarter worth about $140,000. Finally, Envestnet Asset Management Inc. boosted its stake in Builders FirstSource by 68.3% in the 1st 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. 85.46% of the stock is currently owned by institutional investors and hedge funds.
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Builders FirstSource, Inc. (NASDAQ:BLDR) traded down 0.255% during trading on Thursday, hitting $17.585. The stock had a trading volume of 432,225 shares. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 11.638 and a beta of 2.09. The firm’s 50 day moving average is $16.79 and its 200 day moving average is $15.63. Builders FirstSource, Inc. has a 1-year low of $9.04 and a 1-year high of $18.23.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. On average, analysts anticipate that Builders FirstSource, Inc. will post $1.11 earnings per share for the current year.
A number of analysts have issued reports on the company. Deutsche Bank AG raised their price target on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BidaskClub lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Monday. Wedbush reissued a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Thursday, September 7th. Finally, FBR & Co reissued a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $17.33.
In other news, Director Cleveland A. Christophe sold 36,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $16.66, for a total transaction of $599,760.00. Following the completion of the sale, the director now owns 48,181 shares in the company, valued at approximately $802,695.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Griffin sold 17,655 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $16.83, for a total value of $297,133.65. Following the sale, the director now owns 40,050 shares of the company’s stock, valued at approximately $674,041.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is currently owned by corporate insiders.
Builders FirstSource 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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