Comerica Bank Has $1.09 Million Holdings in Builders FirstSource, Inc. (BLDR)

Comerica Bank reduced its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,040 shares of the company’s stock after selling 4,700 shares during the quarter. Comerica Bank owned 0.05% of Builders FirstSource worth $1,086,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $114,000. Victory Capital Management Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $147,000. Ameritas Investment Partners Inc. grew its stake in shares of Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after purchasing an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of 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 valued at $131,000 after purchasing an additional 8,497 shares during the last quarter. Finally, Wilen Investment Management CORP. purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $150,000. Institutional investors own 94.55% of the company’s stock.

A number of analysts recently weighed in on BLDR shares. Deutsche Bank lifted their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Wedbush restated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Thursday, September 7th. B. Riley lifted their price target on Builders FirstSource from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 10th. ValuEngine downgraded Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, SunTrust Banks restated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Builders FirstSource presently has an average rating of “Buy” and a consensus price target of $20.00.

In related news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of Builders FirstSource stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total transaction of $218,006,802.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Floyd F. Sherman sold 109,536 shares of Builders FirstSource stock in a transaction on Friday, September 8th. The stock was sold at an average price of $16.72, for a total value of $1,831,441.92. Following the transaction, the chief executive officer now directly owns 773,171 shares of the company’s stock, valued at $12,927,419.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,010,466 shares of company stock valued at $227,428,788. 14.60% of the stock is currently owned by insiders.

Shares of Builders FirstSource, Inc. (NASDAQ BLDR) opened at $19.98 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46. Builders FirstSource, Inc. has a 12 month low of $10.51 and a 12 month high of $20.52. The firm has a market capitalization of $2,256.57, a P/E ratio of 19.40 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts anticipate that Builders FirstSource, Inc. will post 1.06 EPS for the current year.

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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.

Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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