Macquarie Group Ltd. Purchases Shares of 25,300 Builders FirstSource, Inc. (BLDR)
Macquarie Group Ltd. purchased a new stake in Builders FirstSource, Inc. (NASDAQ:BLDR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,300 shares of the company’s stock, valued at approximately $455,000.
A number of other large investors also recently made changes to their positions in BLDR. Eagle Asset Management Inc. grew its position in Builders FirstSource by 34.4% in the second quarter. Eagle Asset Management Inc. now owns 3,227,017 shares of the company’s stock valued at $49,437,000 after acquiring an additional 825,756 shares during the period. Hodges Capital Management Inc. bought a new stake in Builders FirstSource in the third quarter valued at $12,170,000. Impala Asset Management LLC bought a new stake in Builders FirstSource in the second quarter valued at $9,498,000. BlackRock Inc. grew its position in Builders FirstSource by 8.9% in the second quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock valued at $105,905,000 after acquiring an additional 563,694 shares during the period. Finally, Formula Growth Ltd. grew its position in Builders FirstSource by 41.9% in the second quarter. Formula Growth Ltd. now owns 1,633,585 shares of the company’s stock valued at $25,027,000 after acquiring an additional 482,228 shares during the period. Hedge funds and other institutional investors own 94.55% of the company’s stock.
Several analysts have recently commented on BLDR shares. Wedbush restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Thursday, September 7th. B. Riley increased their target price on Builders FirstSource from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 10th. ValuEngine cut Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Friday, November 10th. Finally, Barclays increased their target price on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.00.
In related news, SVP Donald F. Mcaleenan sold 166,714 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.16, for a total value of $3,027,526.24. Following the transaction, the senior vice president now owns 179,805 shares in the company, valued at $3,265,258.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the completion of the transaction, the chief financial officer now owns 26,587 shares in the company, valued at approximately $545,299.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 377,598 shares of company stock worth $6,950,025. 14.60% of the stock is owned by company insiders.
Shares of Builders FirstSource, Inc. (NASDAQ BLDR) opened at $19.73 on Friday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The company has a market capitalization of $2,230.00, a price-to-earnings ratio of 19.58 and a beta of 2.15. Builders FirstSource, Inc. has a 1-year low of $10.56 and a 1-year high of $20.86.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. research analysts expect that Builders FirstSource, Inc. will post 1.06 EPS for the current fiscal year.
WARNING: This report was first posted by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/macquarie-group-ltd-purchases-shares-of-25300-builders-firstsource-inc-bldr/1764917.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.
Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NASDAQ:BLDR).
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with Analyst Ratings Network's FREE daily email newsletter.