Robertson Opportunity Capital LLC bought a new stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 75,000 shares of the company’s stock, valued at approximately $1,118,000.
Several other institutional investors have also recently bought and sold shares of the stock. Cipher Capital LP boosted its position in Builders FirstSource by 171.9% in the fourth quarter. Cipher Capital LP now owns 113,382 shares of the company’s stock valued at $1,244,000 after buying an additional 71,677 shares in the last quarter. State Street Corp boosted its position in Builders FirstSource by 5.2% in the fourth quarter. State Street Corp now owns 1,448,327 shares of the company’s stock valued at $15,886,000 after buying an additional 71,805 shares in the last quarter. Oxford Asset Management purchased a new position in Builders FirstSource during the fourth quarter valued at about $1,390,000. Dimensional Fund Advisors LP boosted its position 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 valued at $32,340,000 after buying an additional 130,963 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Builders FirstSource by 26.2% in the fourth quarter. Royce & Associates LP now owns 627,978 shares of the company’s stock valued at $6,889,000 after buying an additional 130,500 shares in the last quarter. Hedge funds and other institutional investors own 85.83% of the company’s stock.
Builders FirstSource, Inc. (BLDR) traded down 0.33% during midday trading on Friday, hitting $15.31. 1,134,244 shares of the stock were exchanged. The firm has a 50-day moving average price of $14.77 and a 200-day moving average price of $13.40. Builders FirstSource, Inc. has a one year low of $9.04 and a one year high of $16.50. The stock has a market cap of $1.72 billion, a P/E ratio of 10.70 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 analysts’ consensus estimates of $0.05 by $0.06. Builders FirstSource had a return on equity of 48.88% and a net margin of 2.54%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted ($0.13) earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post $1.09 EPS for the current fiscal year.
Several equities analysts recently issued reports on BLDR shares. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Friday, February 17th. Wedbush reissued 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. FBR & Co reissued an “outperform” rating and issued a $20.00 price target (up previously from $15.00) on shares of Builders FirstSource in a report on Friday, March 10th. Finally, Citigroup Inc. boosted their price target on shares of Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock 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 Builders FirstSource 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 sale, the insider now owns 126,205 shares in the company, valued at approximately $1,869,096.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Floyd F. Sherman sold 35,000 shares of Builders FirstSource stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $14.91, for a total value of $521,850.00. Following the sale, the chief executive officer now owns 633,635 shares of the company’s stock, valued at approximately $9,447,497.85. The disclosure for this sale can be found here. Company insiders own 14.60% 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, 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.
Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NASDAQ:BLDR).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/robertson-opportunity-capital-llc-invests-1-12-million-in-builders-firstsource-inc-bldr/1916192.html
Receive News & Ratings for Builders FirstSource Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource Inc. and related companies with MarketBeat.com's FREE daily email newsletter.