Kennedy Capital Management Inc. reduced its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,204,535 shares of the company’s stock after selling 29,278 shares during the period. Kennedy Capital Management Inc.’s holdings in Builders FirstSource were worth $17,948,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Builders FirstSource by 21.7% in the first quarter. Vanguard Group Inc. now owns 5,914,387 shares of the company’s stock worth $88,124,000 after buying an additional 1,053,799 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. increased its stake in Builders FirstSource by 25.0% in the fourth quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,007,377 shares of the company’s stock worth $54,931,000 after buying an additional 1,000,000 shares during the last quarter. Stelliam Investment Management LP increased its stake in Builders FirstSource by 82.4% in the fourth quarter. Stelliam Investment Management LP now owns 3,325,000 shares of the company’s stock worth $36,475,000 after buying an additional 1,502,500 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,947,932 shares of the company’s stock worth $32,340,000 after buying an additional 130,963 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Builders FirstSource by 9.0% in the first quarter. Eagle Asset Management Inc. now owns 2,401,261 shares of the company’s stock worth $35,778,000 after buying an additional 199,154 shares during the last quarter. Hedge funds and other institutional investors own 85.83% of the company’s stock.
Builders FirstSource, Inc. (NASDAQ:BLDR) traded up 0.68% during midday trading on Monday, reaching $14.89. 842,413 shares of the company’s stock traded hands. Builders FirstSource, Inc. has a 52 week low of $9.04 and a 52 week high of $16.50. The company’s 50-day moving average price is $14.83 and its 200 day moving average price is $13.31. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 10.06 and a beta of 2.23.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Builders FirstSource had a return on equity of 48.88% and a net margin of 2.54%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) earnings per share. On average, equities research analysts expect that Builders FirstSource, Inc. will post $1.09 earnings per share for the current year.
A number of equities research analysts recently issued reports on BLDR shares. FBR & Co restated an “outperform” rating and issued a $20.00 target price (up from $15.00) on shares of Builders FirstSource in a report on Friday, March 10th. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, April 26th. BidaskClub upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday. Wedbush restated an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a report on Wednesday, May 17th. Finally, Citigroup Inc. boosted their target price on shares of Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, May 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.00.
In related news, insider Morris E. Tolly sold 50,268 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $14.81, for a total transaction of $744,469.08. Following the completion of the transaction, the insider now directly owns 126,205 shares in the company, valued at $1,869,096.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. 14.60% of the stock is currently owned by insiders.
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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