Builders FirstSource, Inc. (BLDR) Position Boosted by CWH Capital Management Inc.
CWH Capital Management Inc. increased its holdings in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 410,515 shares of the company’s stock after acquiring an additional 9,330 shares during the quarter. Builders FirstSource comprises 3.3% of CWH Capital Management Inc.’s investment portfolio, making the stock its 10th biggest position. CWH Capital Management Inc. owned about 0.36% of Builders FirstSource worth $6,289,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of BLDR. Ameritas Investment Partners Inc. purchased a new position in Builders FirstSource during the first quarter worth about $108,000. SG Americas Securities LLC purchased a new position in Builders FirstSource during the second quarter worth about $114,000. PNC Financial Services Group Inc. raised its stake in Builders FirstSource by 10,237.3% during the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after purchasing an additional 8,497 shares during the period. Invictus RG purchased a new position in Builders FirstSource during the first quarter worth about $140,000. Finally, Envestnet Asset Management Inc. raised its stake in Builders FirstSource by 68.3% during the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after purchasing an additional 3,861 shares during the period. Hedge funds and other institutional investors own 85.44% of the company’s stock.
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Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) traded up 1.49% during trading on Friday, reaching $17.75. 229,713 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 11.75 and a beta of 2.09. Builders FirstSource, Inc. has a 52 week low of $9.04 and a 52 week high of $18.23. The stock has a 50 day moving average price of $16.53 and a 200-day moving average price of $15.53.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm posted $0.31 earnings per share. Builders FirstSource’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts predict that Builders FirstSource, Inc. will post $1.11 earnings per share for the current year.
A number of equities analysts have commented on the stock. Deutsche Bank AG lifted their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. FBR & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Finally, Wedbush reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Builders FirstSource has an average rating of “Hold” and a consensus price target of $17.33.
In other news, Director Cleveland A. Christophe sold 36,000 shares of Builders FirstSource stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $16.66, for a total transaction of $599,760.00. Following the sale, the director now owns 48,181 shares in the company, valued at $802,695.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of Builders FirstSource stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total transaction of $218,006,802.09. The disclosure for this sale can be found here. Insiders sold 13,645,368 shares of company stock worth $220,735,138 in the last 90 days. 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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