Insider Selling: Builders FirstSource, Inc. (BLDR) Director Sells 196,512 Shares of Stock

Builders FirstSource, Inc. (NASDAQ:BLDR) Director Floyd F. Sherman sold 196,512 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $13.78, for a total value of $2,707,935.36. Following the completion of the sale, the director now owns 478,346 shares in the company, valued at approximately $6,591,607.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of BLDR stock traded up $0.75 on Monday, hitting $14.28. The company had a trading volume of 2,294,535 shares, compared to its average volume of 1,241,525. Builders FirstSource, Inc. has a twelve month low of $11.60 and a twelve month high of $23.28. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.44 and a beta of 1.99. The company has a current ratio of 2.09, a quick ratio of 1.21 and a debt-to-equity ratio of 3.39.

Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, November 1st. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Builders FirstSource had a return on equity of 48.32% and a net margin of 1.44%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. Sell-side analysts forecast that Builders FirstSource, Inc. will post 1.88 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Builders FirstSource by 15.3% in the third quarter. Morgan Stanley now owns 493,873 shares of the company’s stock valued at $7,251,000 after purchasing an additional 65,577 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Builders FirstSource by 1,143.6% in the third quarter. Rehmann Capital Advisory Group now owns 7,897 shares of the company’s stock valued at $538,000 after purchasing an additional 7,262 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Builders FirstSource by 2.2% in the third quarter. Teachers Advisors LLC now owns 381,201 shares of the company’s stock valued at $5,596,000 after purchasing an additional 8,184 shares in the last quarter. Hillcrest Asset Management LLC lifted its holdings in shares of Builders FirstSource by 13.1% in the third quarter. Hillcrest Asset Management LLC now owns 591,085 shares of the company’s stock valued at $8,677,000 after purchasing an additional 68,655 shares in the last quarter. Finally, IndexIQ Advisors LLC lifted its holdings in shares of Builders FirstSource by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 114,579 shares of the company’s stock valued at $1,682,000 after purchasing an additional 4,328 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.

BLDR has been the topic of several recent analyst reports. Evercore ISI lowered Builders FirstSource from an “in-line” rating to an “underperform” rating and set a $14.00 price target on the stock. in a research report on Monday, November 5th. DA Davidson initiated coverage on Builders FirstSource in a report on Thursday, September 13th. They set a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Stifel Nicolaus reissued a “buy” rating and set a $25.00 target price (down from $28.00) on shares of Builders FirstSource in a report on Thursday, August 9th. Finally, Stephens set a $21.00 price objective on Builders FirstSource and gave the company a “buy” rating in a report on Monday, August 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.18.

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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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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