Builders FirstSource, Inc. (BLDR) CEO Sells $777,200.00 in Stock
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.
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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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