Builders FirstSource, Inc. (BLDR) Director Acquires $12,936,000.00 in Stock

Builders FirstSource, Inc. (NASDAQ:BLDR) Director Paul S. Levy purchased 800,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average cost of $16.17 per share, with a total value of $12,936,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 16.63 on Monday. Builders FirstSource, Inc. has a 12 month low of $9.04 and a 12 month high of $17.22. The stock has a market cap of $1.87 billion, a PE ratio of 11.01 and a beta of 2.11. The stock has a 50 day moving average of $15.91 and a 200 day moving average of $15.15.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post $1.12 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of BLDR. BlackRock Inc. lifted its stake in Builders FirstSource by 68,569.7% in the first quarter. BlackRock Inc. now owns 6,349,196 shares of the company’s stock worth $94,602,000 after acquiring an additional 6,339,950 shares during the last quarter. Vanguard Group Inc. lifted its stake in Builders FirstSource by 21.7% in the first quarter. Vanguard Group Inc. now owns 5,914,387 shares of the company’s stock worth $88,124,000 after acquiring an additional 1,053,799 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Builders FirstSource by 34.4% in the second quarter. Eagle Asset Management Inc. now owns 3,227,017 shares of the company’s stock worth $49,437,000 after acquiring an additional 825,756 shares during the last quarter. Morgan Stanley lifted its stake in Builders FirstSource by 185.2% in the first quarter. Morgan Stanley now owns 1,122,932 shares of the company’s stock worth $16,732,000 after acquiring an additional 729,178 shares during the last quarter. Finally, Impala Asset Management LLC purchased a new position in Builders FirstSource in the second quarter worth approximately $9,498,000. Institutional investors own 85.48% of the company’s stock.

BLDR has been the subject of several research reports. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Wedbush reaffirmed an “outperform” rating and issued a $20.00 price target (up previously from $19.00) on shares of Builders FirstSource in a research report on Wednesday, May 17th. FBR & Co reaffirmed a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Tuesday, June 27th. Finally, Deutsche Bank AG upped their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.29.

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.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

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