Gotham Asset Management LLC decreased its holdings in Builders FirstSource, Inc. (NASDAQ:BLDR) by 78.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 85,844 shares of the company’s stock after selling 320,418 shares during the period. Gotham Asset Management LLC owned approximately 0.08% of Builders FirstSource worth $1,315,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of Builders FirstSource by 68.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after purchasing an additional 3,861 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of Builders FirstSource in the 2nd quarter valued at $7,059,000. GoodHaven Capital Management LLC increased its stake in shares of Builders FirstSource by 103.8% in the 2nd quarter. GoodHaven Capital Management LLC now owns 203,800 shares of the company’s stock valued at $3,122,000 after purchasing an additional 103,800 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Builders FirstSource by 16.3% in the 1st quarter. Bank of New York Mellon Corp now owns 558,611 shares of the company’s stock valued at $8,323,000 after purchasing an additional 78,250 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Builders FirstSource by 20.4% in the 2nd quarter. First Trust Advisors LP now owns 165,618 shares of the company’s stock valued at $2,537,000 after purchasing an additional 28,097 shares during the last quarter. Institutional investors own 85.46% of the company’s stock.
Shares of Builders FirstSource, Inc. (BLDR) opened at 17.37 on Tuesday. The firm has a market cap of $1.96 billion, a P/E ratio of 11.50 and a beta of 2.09. Builders FirstSource, Inc. has a 12-month low of $9.04 and a 12-month high of $18.23. The company’s 50 day moving average price is $17.01 and its 200 day moving average price is $15.68.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations 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 firm earned $0.31 earnings per share. Equities research analysts forecast that Builders FirstSource, Inc. will post $1.11 EPS for the current year.
In related news, Director Robert C. Griffin sold 17,655 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $16.83, for a total value of $297,133.65. Following the transaction, the director now owns 40,050 shares of the company’s stock, valued at $674,041.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Floyd F. Sherman sold 109,536 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $16.72, for a total value of $1,831,441.92. Following the completion of the transaction, the chief executive officer now directly owns 773,171 shares in the company, valued at approximately $12,927,419.12. The disclosure for this sale can be found here. In the last three months, insiders sold 13,645,368 shares of company stock worth $220,735,138. 14.60% of the stock is owned by insiders.
Several brokerages have recently issued reports on BLDR. Deutsche Bank AG raised their price objective on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Wedbush reissued a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Thursday, September 7th. Finally, FBR & Co reissued a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.33.
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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