Rubric Capital Management LP bought a new stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 295,536 shares of the company’s stock, valued at approximately $4,528,000. Rubric Capital Management LP owned approximately 0.26% of Builders FirstSource as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Teachers Advisors LLC raised its position in shares of Builders FirstSource by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 196,860 shares of the company’s stock valued at $2,160,000 after buying an additional 12,842 shares in the last quarter. Fox Run Management L.L.C. raised its position in shares of Builders FirstSource by 59.6% in the first quarter. Fox Run Management L.L.C. now owns 32,400 shares of the company’s stock valued at $483,000 after buying an additional 12,100 shares in the last quarter. National Investment Services Inc. WI raised its position in shares of Builders FirstSource by 17.9% in the first quarter. National Investment Services Inc. WI now owns 14,950 shares of the company’s stock valued at $223,000 after buying an additional 2,266 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Builders FirstSource during the first quarter valued at about $911,000. Finally, Essex Investment Management Co. LLC raised its position in shares of Builders FirstSource by 18.4% in the first quarter. Essex Investment Management Co. LLC now owns 136,729 shares of the company’s stock valued at $2,037,000 after buying an additional 21,232 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.
Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 16.34 on Friday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 10.81 and a beta of 2.16. The stock has a 50 day moving average price of $15.72 and a 200-day moving average price of $14.59. Builders FirstSource, Inc. has a one year low of $9.04 and a one year high of $17.22.
Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Builders FirstSource, Inc. will post $1.12 earnings per share for the current fiscal year.
Several research analysts recently issued reports on BLDR shares. Zacks Investment Research lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Citigroup Inc. upped their target price on Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, May 11th. Wedbush reaffirmed an “outperform” rating and set a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a research report on Wednesday, May 17th. BidaskClub raised Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, FBR & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Buy” and an average target price of $17.29.
In other news, CEO Floyd F. Sherman sold 35,000 shares of Builders FirstSource stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $14.91, for a total transaction of $521,850.00. Following the sale, the chief executive officer now owns 633,635 shares in the company, valued at $9,447,497.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.60% of the stock is currently owned by insiders.
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.
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