Two Sigma Investments LP lessened its holdings in Builders FirstSource, Inc. (NASDAQ:BLDR) by 98.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 12,900 shares of the company’s stock after selling 682,781 shares during the quarter. Two Sigma Investments LP’s holdings in Builders FirstSource were worth $158,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in BLDR. FMR LLC grew its position in Builders FirstSource by 9.5% in the first quarter. FMR LLC now owns 1,703,004 shares of the company’s stock valued at $22,718,000 after acquiring an additional 147,779 shares during the period. First Trust Advisors LP boosted its stake in shares of Builders FirstSource by 192.1% in the 1st quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock valued at $1,596,000 after purchasing an additional 78,703 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Builders FirstSource in the 4th quarter worth about $1,010,000. Envestnet Asset Management Inc. increased its position in shares of Builders FirstSource by 22.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 11,948 shares of the company’s stock worth $304,000 after purchasing an additional 2,229 shares in the last quarter. Finally, EAM Investors LLC bought a new position in Builders FirstSource during the 4th quarter valued at about $1,722,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.
In other Builders FirstSource news, Director Floyd F. Sherman sold 45,903 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $16.05, for a total value of $736,743.15. Following the completion of the transaction, the director now directly owns 147,771 shares of the company’s stock, valued at $2,371,724.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO David E. Rush sold 10,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $22.30, for a total value of $223,000.00. Following the completion of the sale, the chief operating officer now owns 71,855 shares of the company’s stock, valued at $1,602,366.50. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock worth $1,951,715 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. Builders FirstSource had a return on equity of 31.26% and a net margin of 2.62%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Research analysts anticipate that Builders FirstSource, Inc. will post 1.17 earnings per share for the current fiscal year.
Several research firms have recently weighed in on BLDR. Wedbush raised their price objective on shares of Builders FirstSource from $23.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Stephens reiterated an “overweight” rating and issued a $21.00 price objective (down previously from $32.00) on shares of Builders FirstSource in a research report on Tuesday, April 14th. ValuEngine raised Builders FirstSource from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 27th. BidaskClub lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Deutsche Bank cut shares of Builders FirstSource from a “buy” rating to a “hold” rating and lowered their price objective for the company from $20.00 to $17.00 in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $21.79.
Builders FirstSource Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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