Alps Advisors Inc. reduced its holdings in Builders FirstSource, Inc. (NASDAQ:BLDR) by 12.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,693 shares of the company’s stock after selling 3,977 shares during the period. Alps Advisors Inc.’s holdings in Builders FirstSource were worth $498,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $114,000. Victory Capital Management Inc. acquired a new position in Builders FirstSource in the third quarter valued at approximately $147,000. Ameritas Investment Partners Inc. lifted its holdings in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after buying an additional 8,497 shares during the period. Finally, Wilen Investment Management CORP. acquired a new position in Builders FirstSource in the second quarter valued at approximately $150,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
Several equities research analysts have weighed in on BLDR shares. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a report on Wednesday, November 1st. Citigroup Inc. increased their target price on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a report on Friday, November 10th. Deutsche Bank AG increased their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $19.50.
Shares of Builders FirstSource, Inc. (BLDR) opened at $19.14 on Friday. Builders FirstSource, Inc. has a twelve month low of $10.51 and a twelve month high of $19.37. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. The company has a market cap of $2,161.69, a price-to-earnings ratio of 18.58 and a beta of 2.14.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $0.61 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. analysts predict that Builders FirstSource, Inc. will post 1.06 EPS for the current year.
In related news, SVP Donald F. Mcaleenan sold 166,714 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the sale, the senior vice president now directly owns 179,805 shares in the company, valued at $3,265,258.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Griffin sold 17,655 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $16.83, for a total transaction of $297,133.65. Following the completion of the transaction, the director now directly owns 40,050 shares of the company’s stock, valued at approximately $674,041.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,970,466 shares of company stock worth $226,651,588. 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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