Alps Advisors Inc. bought a new position in Builders FirstSource, Inc. (NASDAQ:BLDR) in the first quarter, according to its most recent filing with the SEC. The firm bought 29,221 shares of the company’s stock, valued at approximately $390,000.
A number of other hedge funds also recently added to or reduced their stakes in BLDR. Acadian Asset Management LLC acquired a new stake in Builders FirstSource in the 4th quarter worth approximately $30,000. PNC Financial Services Group Inc. boosted its stake in Builders FirstSource by 2,338.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock worth $37,000 after purchasing an additional 3,250 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Builders FirstSource by 59.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock worth $44,000 after purchasing an additional 1,213 shares in the last quarter. First Quadrant L P CA acquired a new stake in Builders FirstSource in the 1st quarter worth approximately $80,000. Finally, Quantamental Technologies LLC acquired a new stake in Builders FirstSource in the 4th quarter worth approximately $91,000. Institutional investors own 94.77% of the company’s stock.
In other Builders FirstSource news, Director Craig Arthur Steinke sold 87,987 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $16.31, for a total transaction of $1,435,067.97. Following the completion of the transaction, the director now directly owns 95,896 shares of the company’s stock, valued at approximately $1,564,063.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO M Chad Crow sold 123,740 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $15.85, for a total transaction of $1,961,279.00. Following the transaction, the chief executive officer now directly owns 420,736 shares of the company’s stock, valued at $6,668,665.60. The disclosure for this sale can be found here. Insiders have sold a total of 481,213 shares of company stock valued at $7,842,011 over the last three months. 2.20% of the stock is currently owned by insiders.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.88 billion. Analysts expect that Builders FirstSource, Inc. will post 1.66 EPS for the current year.
A number of analysts recently commented on BLDR shares. TheStreet upgraded shares of Builders FirstSource from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. B. Riley lowered their target price on shares of Builders FirstSource from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. BidaskClub upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Wedbush set a $18.00 target price on shares of Builders FirstSource and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.54.
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. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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