LSV Asset Management purchased a new position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 178,500 shares of the company’s stock, valued at approximately $2,734,000. LSV Asset Management owned approximately 0.16% of Builders FirstSource as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Builders FirstSource by 68.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after acquiring an additional 3,861 shares in the last quarter. US Bancorp DE lifted its position in Builders FirstSource by 49.2% during the 1st quarter. US Bancorp DE now owns 72,231 shares of the company’s stock worth $1,077,000 after acquiring an additional 23,811 shares in the last quarter. Globeflex Capital L P acquired a new position in Builders FirstSource during the 1st quarter worth approximately $1,343,000. Peregrine Capital Management LLC acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $7,059,000. Finally, Wells Fargo & Company MN lifted its position in Builders FirstSource by 24.6% during the 1st quarter. Wells Fargo & Company MN now owns 281,497 shares of the company’s stock worth $4,194,000 after acquiring an additional 55,596 shares in the last quarter. 85.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Builders FirstSource, Inc. (BLDR) opened at 16.49 on Wednesday. The firm’s 50-day moving average price is $16.10 and its 200 day moving average price is $15.34. The stock has a market capitalization of $1.86 billion, a P/E ratio of 10.91 and a beta of 2.11. Builders FirstSource, Inc. has a 12-month low of $9.04 and a 12-month high of $17.22.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts predict that Builders FirstSource, Inc. will post $1.12 EPS for the current fiscal year.
BLDR has been the topic of several recent research reports. BidaskClub lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. FBR & Co restated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Tuesday, June 27th. Deutsche Bank AG lifted their price objective on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Wedbush restated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Thursday, September 7th. Finally, Zacks Investment Research downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.29.
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In related news, CEO Floyd F. Sherman sold 109,536 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $16.72, for a total transaction of $1,831,441.92. Following the completion of the sale, the chief executive officer now owns 773,171 shares in the company, valued at approximately $12,927,419.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul S. Levy bought 800,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average price of $16.17 per share, with a total value of $12,936,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is owned by corporate insiders.
Builders FirstSource 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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