Insider Selling: Builders FirstSource, Inc. (BLDR) CEO Sells $229,800.00 in Stock

Builders FirstSource, Inc. (NASDAQ:BLDR) CEO Floyd F. Sherman sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $15.32, for a total value 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 Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 15.63 on Monday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 12.31 and a beta of 2.30. Builders FirstSource, Inc. has a one year low of $9.04 and a one year high of $15.85. The company has a 50 day moving average price of $13.16 and a 200-day moving average price of $11.77.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Tuesday, February 28th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The company earned $1.55 billion during the quarter, compared to the consensus estimate of $1.50 billion. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The company’s revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Builders FirstSource, Inc. will post $1.06 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

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BLDR has been the subject of a number of research reports. Seaport Global Securities initiated coverage on Builders FirstSource in a report on Tuesday, November 22nd. They issued a “buy” rating and a $16.00 price target for the company. FBR & Co reiterated an “outperform” rating and issued a $15.00 price target on shares of Builders FirstSource in a report on Tuesday, November 29th. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Barclays PLC initiated coverage on Builders FirstSource in a report on Thursday, January 5th. They issued an “equal weight” rating and a $12.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $19.00 price target (up previously from $18.00) on shares of Builders FirstSource in a report on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $16.00.

A number of hedge funds have recently added to or reduced their stakes in BLDR. Robotti Robert increased its stake in Builders FirstSource by 1.0% in the third quarter. Robotti Robert now owns 2,168,457 shares of the company’s stock worth $24,959,000 after buying an additional 21,481 shares during the last quarter. Swiss National Bank increased its stake in Builders FirstSource by 3.7% in the third quarter. Swiss National Bank now owns 145,000 shares of the company’s stock worth $1,669,000 after buying an additional 5,200 shares during the last quarter. Boston Partners increased its stake in Builders FirstSource by 39.1% in the third quarter. Boston Partners now owns 2,172,662 shares of the company’s stock worth $25,007,000 after buying an additional 610,871 shares during the last quarter. Teachers Advisors LLC increased its stake in Builders FirstSource by 0.8% in the third quarter. Teachers Advisors LLC now owns 184,018 shares of the company’s stock worth $2,118,000 after buying an additional 1,530 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Builders FirstSource by 22.8% in the third quarter. UBS Asset Management Americas Inc. now owns 54,458 shares of the company’s stock worth $626,000 after buying an additional 10,100 shares during the last quarter. Institutional investors own 80.91% 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 and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.

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