Alta Fundamental Advisers LLC cut its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 561,600 shares of the company’s stock after selling 28,400 shares during the quarter. Builders FirstSource accounts for about 7.4% of Alta Fundamental Advisers LLC’s investment portfolio, making the stock its 7th largest holding. Alta Fundamental Advisers LLC owned approximately 0.50% of Builders FirstSource worth $8,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of BLDR. Ameritas Investment Partners Inc. purchased a new stake in Builders FirstSource during the 1st quarter valued at about $108,000. SG Americas Securities LLC purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $114,000. PNC Financial Services Group Inc. lifted its holdings in Builders FirstSource by 10,237.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the period. Invictus RG purchased a new stake in Builders FirstSource in the 1st quarter worth approximately $140,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Builders FirstSource by 68.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the period. Institutional investors own 85.46% of the company’s stock.
A number of research firms have recently commented on BLDR. Zacks Investment Research cut Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Deutsche Bank AG raised their price objective on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. FBR & Co reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Tuesday, June 27th. Finally, Wedbush reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Builders FirstSource has a consensus rating of “Hold” and an average price target of $17.33.
Shares of Builders FirstSource, Inc. (BLDR) traded down 0.69% during trading on Tuesday, hitting $17.25. The stock had a trading volume of 205,791 shares. Builders FirstSource, Inc. has a 12-month low of $9.04 and a 12-month high of $18.23. The firm has a 50 day moving average price of $17.01 and a 200 day moving average price of $15.68. The firm has a market cap of $1.94 billion, a P/E ratio of 11.42 and a beta of 2.09.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts expect that Builders FirstSource, Inc. will post $1.11 earnings per share for the current fiscal year.
In other Builders FirstSource news, Director Cleveland A. Christophe sold 36,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $16.66, for a total transaction of $599,760.00. Following the transaction, the director now owns 48,181 shares of the company’s stock, valued at $802,695.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Floyd F. Sherman sold 109,536 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $16.72, for a total transaction of $1,831,441.92. Following the transaction, the chief executive officer now directly owns 773,171 shares in the company, valued at approximately $12,927,419.12. The disclosure for this sale can be found here. Insiders sold 13,645,368 shares of company stock worth $220,735,138 in the last ninety days. 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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