Builders FirstSource Inc. (NASDAQ:BLDR) CEO Floyd F. Sherman sold 12,403 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $11.26, for a total transaction of $139,657.78. Following the transaction, the chief executive officer now owns 641,807 shares of the company’s stock, valued at $7,226,746.82. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Builders FirstSource Inc. (NASDAQ:BLDR) traded up 0.45% during midday trading on Monday, hitting $11.24. 418,947 shares of the company traded hands. The stock has a 50 day moving average price of $10.45 and a 200-day moving average price of $11.70. The company has a market cap of $1.25 billion, a PE ratio of 9.88 and a beta of 2.39. Builders FirstSource Inc. has a 12-month low of $6.50 and a 12-month high of $14.14.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.23. The business earned $1.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. Analysts expect that Builders FirstSource Inc. will post $0.90 EPS for the current year.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

Large investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. acquired a new stake in shares of Builders FirstSource during the second quarter worth $302,000. Marcato Capital Management LP increased its stake in shares of Builders FirstSource by 245.8% in the first quarter. Marcato Capital Management LP now owns 415,000 shares of the company’s stock worth $4,677,000 after buying an additional 295,000 shares during the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth $2,268,000. First Trust Advisors LP acquired a new stake in shares of Builders FirstSource during the second quarter worth $1,673,000. Finally, SignalPoint Asset Management LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth $498,000. 82.83% of the stock is owned by institutional investors.

BLDR has been the subject of several recent research reports. Wedbush restated an “outperform” rating and set a $18.00 target price on shares of Builders FirstSource in a report on Tuesday, September 6th. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday, October 17th. Finally, Citigroup Inc. raised their price target on shares of Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.43.

About Builders FirstSource

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.

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