Eagle Asset Management Inc. Raises Stake in Builders FirstSource, Inc. (BLDR)
Eagle Asset Management Inc. increased its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 30.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,224,149 shares of the company’s stock after acquiring an additional 997,132 shares during the period. Eagle Asset Management Inc. owned approximately 3.75% of Builders FirstSource worth $74,936,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Builders FirstSource in the second quarter worth about $114,000. Ameritas Investment Partners Inc. grew its position in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after acquiring an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. grew its position in 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 worth $131,000 after acquiring an additional 8,497 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Builders FirstSource in the third quarter worth about $147,000. Finally, Wilen Investment Management CORP. purchased a new position in Builders FirstSource in the second quarter worth about $150,000. Institutional investors own 89.17% of the company’s stock.
Builders FirstSource, Inc. (NASDAQ BLDR) opened at $19.50 on Monday. Builders FirstSource, Inc. has a 12-month low of $10.51 and a 12-month high of $19.78. The stock has a market capitalization of $2,200.00, a P/E ratio of 18.93 and a beta of 2.14. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities research analysts forecast that Builders FirstSource, Inc. will post 1.06 EPS for the current fiscal year.
BLDR has been the subject of several recent research reports. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Wedbush reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Thursday, September 7th. Citigroup Inc. lifted their price target on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Friday, November 10th. Finally, Barclays PLC lifted their price target on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. 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. Builders FirstSource has a consensus rating of “Hold” and an average target price of $20.00.
In other Builders FirstSource news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total transaction of $218,006,802.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cleveland A. Christophe sold 36,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $16.66, for a total value of $599,760.00. Following the transaction, the director now owns 48,181 shares of the company’s stock, valued at approximately $802,695.46. The disclosure for this sale can be found here. Insiders have sold 14,010,466 shares of company stock valued at $227,428,788 in the last 90 days. Company insiders own 14.60% of the company’s stock.
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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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