US Bancorp DE Raises Stake in Builders FirstSource, Inc. (BLDR)
US Bancorp DE boosted its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 49.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,231 shares of the company’s stock after buying an additional 23,811 shares during the period. US Bancorp DE owned 0.06% of Builders FirstSource worth $1,077,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in shares of Builders FirstSource by 5.2% in the fourth quarter. State Street Corp now owns 1,448,327 shares of the company’s stock valued at $15,886,000 after buying an additional 71,805 shares during the last quarter. National Investment Services Inc. WI raised its position in shares of Builders FirstSource by 17.9% in the first quarter. National Investment Services Inc. WI now owns 14,950 shares of the company’s stock valued at $223,000 after buying an additional 2,266 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Builders FirstSource by 0.8% in the third quarter. Teachers Advisors LLC now owns 184,018 shares of the company’s stock valued at $2,118,000 after buying an additional 1,530 shares during the last quarter. Numeric Investors LLC purchased a new position in shares of Builders FirstSource during the fourth quarter valued at about $1,164,000. Finally, Oxford Asset Management purchased a new position in shares of Builders FirstSource during the fourth quarter valued at about $1,390,000. 80.91% of the stock is currently owned by institutional investors.
Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 13.89 on Monday. The firm has a market cap of $1.56 billion, a P/E ratio of 9.71 and a beta of 2.30. The stock’s 50 day moving average is $15.06 and its 200 day moving average is $13.05. Builders FirstSource, Inc. has a 52 week low of $9.04 and a 52 week high of $16.50.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned ($0.13) EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource, Inc. will post $1.09 earnings per share for the current fiscal year.
Several equities analysts have issued reports on BLDR shares. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Friday, February 17th. Wedbush reaffirmed an “outperform” rating and set a $19.00 price objective (up previously from $18.00) on shares of Builders FirstSource in a report on Thursday, March 2nd. FBR & Co reaffirmed an “outperform” rating and set a $20.00 price objective (up previously from $15.00) on shares of Builders FirstSource in a report on Friday, March 10th. Finally, Citigroup Inc raised their price objective on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.00.
In related news, CEO Floyd F. Sherman sold 15,000 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $15.32, for a total transaction of $229,800.00. Following the completion of the sale, the chief executive officer now owns 668,635 shares of the company’s stock, valued at approximately $10,243,488.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul S. Levy sold 10,000,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $14.51, for a total transaction of $145,100,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,293,684 shares of company stock valued at $149,505,344. Insiders own 36.20% of the company’s stock.
About Builders FirstSource
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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