Builders FirstSource, Inc. (NASDAQ:BLDR) COO David E. Rush sold 12,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.53, for a total transaction of $294,360.00. Following the completion of the transaction, the chief operating officer now directly owns 54,886 shares in the company, valued at approximately $1,346,353.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Builders FirstSource stock opened at $24.19 on Friday. The firm’s 50 day simple moving average is $21.83 and its 200-day simple moving average is $18.15. The company has a market cap of $2.76 billion, a P/E ratio of 12.73 and a beta of 1.88. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.66 and a quick ratio of 0.96. Builders FirstSource, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $24.78.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, October 31st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.12. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a net margin of 3.17% and a return on equity of 37.03%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. On average, analysts expect that Builders FirstSource, Inc. will post 1.99 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in BLDR. FMR LLC increased its position in shares of Builders FirstSource by 9.5% in the first quarter. FMR LLC now owns 1,703,004 shares of the company’s stock worth $22,718,000 after acquiring an additional 147,779 shares in the last quarter. First Trust Advisors LP grew its position in Builders FirstSource by 192.1% during the first quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock valued at $1,596,000 after purchasing an additional 78,703 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Builders FirstSource during the second quarter valued at approximately $167,000. Convergence Investment Partners LLC purchased a new position in Builders FirstSource during the second quarter valued at approximately $1,218,000. Finally, First Quadrant L P CA grew its position in Builders FirstSource by 181.3% during the second quarter. First Quadrant L P CA now owns 16,883 shares of the company’s stock valued at $285,000 after purchasing an additional 10,881 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Builders FirstSource in a research note on Monday, November 4th. ValuEngine raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Stephens raised shares of Builders FirstSource from an “equal” rating to an “overweight” rating and lifted their price objective for the stock from $21.00 to $28.00 in a research note on Wednesday, October 16th. BidaskClub raised shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 21st. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.90.
About Builders FirstSource
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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