Lyon Street Capital LLC Sells 94,089 Shares of Builders FirstSource, Inc. (BLDR)
Lyon Street Capital LLC trimmed its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 21.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 353,095 shares of the company’s stock after selling 94,089 shares during the quarter. Builders FirstSource comprises 2.2% of Lyon Street Capital LLC’s investment portfolio, making the stock its 17th biggest holding. Lyon Street Capital LLC owned 0.31% of Builders FirstSource worth $5,409,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Horizon Investment Services LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $444,000. Lonestar Capital Management LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $3,141,000. PDT Partners LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $5,736,000. Balyasny Asset Management LLC lifted its position in Builders FirstSource by 3.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,934,926 shares of the company’s stock worth $29,643,000 after acquiring an additional 61,899 shares during the period. Finally, Paragon Associates & Paragon Associates II Joint Venture acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $4,213,000. 85.44% of the stock is owned by institutional investors.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 109,536 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $16.72, for a total value of $1,831,441.92. Following the completion of the sale, the chief executive officer now directly owns 773,171 shares in the company, valued at $12,927,419.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cleveland A. Christophe sold 36,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $16.66, for a total value of $599,760.00. Following the completion of the sale, the director now owns 48,181 shares of the company’s stock, valued at $802,695.46. The disclosure for this sale can be found here. Insiders sold a total of 13,645,368 shares of company stock valued at $220,735,138 over the last three months. Corporate insiders own 14.60% of the company’s stock.
BLDR has been the subject of a number of recent research reports. Wedbush reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Thursday, September 7th. Deutsche Bank AG raised their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. FBR & Co reissued a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a report on Tuesday, June 27th. Finally, Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.33.
Builders FirstSource, Inc. (BLDR) traded down 0.45% during mid-day trading on Thursday, hitting $17.64. The stock had a trading volume of 210,119 shares. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 11.67 and a beta of 2.09. The company has a 50-day moving average of $16.49 and a 200-day moving average of $15.52. Builders FirstSource, Inc. has a 12-month low of $9.04 and a 12-month high of $18.23.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Builders FirstSource, Inc. will post $1.11 earnings per share for the current fiscal year.
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.
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