Builders FirstSource, Inc. (NASDAQ:BLDR) CEO Floyd F. Sherman sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total transaction of $777,200.00. Following the completion of the sale, the chief executive officer now owns 623,635 shares of the company’s stock, valued at approximately $12,117,228.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Builders FirstSource, Inc. (NASDAQ:BLDR) opened at $19.50 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. Builders FirstSource, Inc. has a twelve month low of $10.51 and a twelve month high of $19.78. The firm has a market cap of $2,204.61, a PE ratio of 18.95 and a beta of 2.14.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. equities research analysts anticipate that Builders FirstSource, Inc. will post 1.06 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BLDR. Cubist Systematic Strategies LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at about $110,000. SG Americas Securities LLC purchased a new position in Builders FirstSource during the 2nd quarter valued at about $114,000. Ameritas Investment Partners Inc. increased its holdings in Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after acquiring an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after acquiring an additional 8,497 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Builders FirstSource during the 3rd quarter valued at about $147,000. Hedge funds and other institutional investors own 89.17% of the company’s stock.

Several analysts recently commented on the stock. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Citigroup Inc. raised their price objective on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Deutsche Bank AG raised their price objective on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. BidaskClub cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Builders FirstSource has an average rating of “Hold” and a consensus price target of $20.00.

TRADEMARK VIOLATION WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/builders-firstsource-inc-bldr-ceo-sells-777200-00-in-stock/1725393.html.

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)

Receive News & Ratings for Builders FirstSource Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.