Insider Selling: Builders FirstSource, Inc. (BLDR) CFO Sells 11,972 Shares of Stock
Builders FirstSource, Inc. (NASDAQ:BLDR) CFO Peter M. Jackson sold 11,972 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $21.44, for a total value of $256,679.68. Following the sale, the chief financial officer now owns 32,305 shares of the company’s stock, valued at approximately $692,619.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) opened at $21.57 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.75 and a debt-to-equity ratio of 4.71. Builders FirstSource, Inc. has a 52 week low of $13.33 and a 52 week high of $23.28. The firm has a market capitalization of $2,461.57, a P/E ratio of 16.98 and a beta of 2.05.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.23. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. equities research analysts expect that Builders FirstSource, Inc. will post 1.79 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of BLDR. Parametric Portfolio Associates LLC increased its holdings in shares of Builders FirstSource by 45.3% in the second quarter. Parametric Portfolio Associates LLC now owns 92,874 shares of the company’s stock valued at $1,423,000 after purchasing an additional 28,972 shares during the period. State Street Corp increased its holdings in shares of Builders FirstSource by 15.4% in the second quarter. State Street Corp now owns 1,782,539 shares of the company’s stock valued at $27,313,000 after purchasing an additional 238,089 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Builders FirstSource by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 75,840 shares of the company’s stock valued at $1,161,000 after purchasing an additional 10,016 shares during the period. California State Teachers Retirement System increased its holdings in shares of Builders FirstSource by 3.8% in the second quarter. California State Teachers Retirement System now owns 171,451 shares of the company’s stock valued at $2,627,000 after purchasing an additional 6,294 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $305,000. Institutional investors own 97.68% of the company’s stock.
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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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