Robertson Opportunity Capital LLC Invests $1.12 Million in Builders FirstSource, Inc. (BLDR)

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.

Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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.

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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.

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