HAP Trading LLC increased its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 25.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,199 shares of the company’s stock after buying an additional 3,440 shares during the period. HAP Trading LLC’s holdings in Builders FirstSource were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its holdings in Builders FirstSource by 13.2% during the second quarter. TIAA CREF Investment Management LLC now owns 407,415 shares of the company’s stock worth $6,242,000 after buying an additional 47,490 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Builders FirstSource by 11.2% during the second quarter. Teachers Advisors LLC now owns 304,032 shares of the company’s stock worth $4,658,000 after buying an additional 30,725 shares in the last quarter. GoodHaven Capital Management LLC boosted its holdings in Builders FirstSource by 103.8% during the second quarter. GoodHaven Capital Management LLC now owns 203,800 shares of the company’s stock worth $3,122,000 after buying an additional 103,800 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Builders FirstSource by 108.9% during the second quarter. Alliancebernstein L.P. now owns 370,010 shares of the company’s stock worth $5,669,000 after buying an additional 192,910 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Builders FirstSource by 6.4% during the second quarter. Wells Fargo & Company MN now owns 299,396 shares of the company’s stock worth $4,587,000 after buying an additional 17,899 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

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In other Builders FirstSource news, Director Robert C. Griffin sold 17,655 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $16.83, for a total transaction of $297,133.65. Following the transaction, the director now owns 40,050 shares of the company’s stock, valued at approximately $674,041.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the firm’s stock in a transaction dated 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. In the last three months, insiders have sold 13,609,368 shares of company stock worth $220,135,378. 14.60% of the stock is owned by corporate insiders.

Builders FirstSource, Inc. (NASDAQ BLDR) traded down 1.32% during mid-day trading on Thursday, reaching $16.51. 69,233 shares of the company were exchanged. Builders FirstSource, Inc. has a 12 month low of $9.04 and a 12 month high of $17.22. The company’s 50 day moving average price is $15.98 and its 200-day moving average price is $15.25. The stock has a market capitalization of $1.86 billion, a P/E ratio of 10.93 and a beta of 2.11.

Builders FirstSource (NASDAQ:BLDR) last released its 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. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. Builders FirstSource’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. On average, equities analysts expect that Builders FirstSource, Inc. will post $1.12 earnings per share for the current fiscal year.

A number of analysts recently commented on BLDR shares. Wedbush reissued an “outperform” rating and set a $20.00 price objective (up previously from $19.00) on shares of Builders FirstSource in a report on Wednesday, May 17th. BidaskClub raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. FBR & Co reissued a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG boosted their price objective on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $17.29.

Builders FirstSource 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.

Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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