Dimensional Fund Advisors LP lifted its position in Builders FirstSource, Inc. (NASDAQ:BLDR) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,193,970 shares of the company’s stock after buying an additional 174,777 shares during the quarter. Dimensional Fund Advisors LP owned about 2.84% of Builders FirstSource worth $48,931,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in shares of Builders FirstSource in the first quarter valued at $108,000. SG Americas Securities LLC bought a new position in shares of Builders FirstSource in the second quarter valued at $114,000. PNC Financial Services Group Inc. grew its stake in shares of Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after buying an additional 8,497 shares in the last quarter. Invictus RG bought a new position in shares of Builders FirstSource in the first quarter valued at $140,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after buying an additional 3,861 shares in the last quarter. 85.46% of the stock is owned by institutional investors and hedge funds.
BLDR has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Wedbush reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Thursday, September 7th. Deutsche Bank AG lifted their price objective 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. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, FBR & Co reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Builders FirstSource presently has an average rating of “Hold” and an average target price of $17.33.
Builders FirstSource, Inc. (NASDAQ BLDR) opened at 17.90 on Friday. Builders FirstSource, Inc. has a 52-week low of $9.04 and a 52-week high of $18.23. The company has a market capitalization of $2.02 billion, a PE ratio of 11.85 and a beta of 2.09. The firm’s 50-day moving average is $17.18 and its 200-day moving average is $15.76.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) 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 analyst estimates of $1.83 billion. During the same period last year, the firm posted $0.31 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Builders FirstSource, Inc. will post $1.11 EPS for the current year.
In other news, Director Cleveland A. Christophe sold 36,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $16.66, for a total transaction of $599,760.00. Following the completion of the sale, the director now directly owns 48,181 shares of the company’s stock, valued at approximately $802,695.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul S. Levy bought 800,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of $16.17 per share, with a total value of $12,936,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. Insiders own 14.60% of the company’s stock.
About Builders FirstSource
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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