Builders FirstSource, Inc. (BLDR) Stake Raised by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,950 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Builders FirstSource were worth $704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Builders FirstSource by 6.8% during the second quarter. JPMorgan Chase & Co. now owns 97,728 shares of the company’s stock valued at $1,497,000 after buying an additional 6,181 shares during the last quarter. Wilen Investment Management CORP. bought a new position in shares of Builders FirstSource during the second quarter valued at approximately $150,000. Eagle Asset Management Inc. grew its stake in shares of Builders FirstSource by 34.4% during the second quarter. Eagle Asset Management Inc. now owns 3,227,017 shares of the company’s stock valued at $49,437,000 after buying an additional 825,756 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Builders FirstSource by 11.2% during the second quarter. Principal Financial Group Inc. now owns 21,546 shares of the company’s stock valued at $330,000 after buying an additional 2,166 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new position in shares of Builders FirstSource during the second quarter valued at approximately $487,000. 85.44% of the stock is currently owned by institutional investors.

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 17.31 on Friday. Builders FirstSource, Inc. has a one year low of $9.04 and a one year high of $17.41. The company has a 50 day moving average price of $16.10 and a 200-day moving average price of $15.34. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 11.46 and a beta of 2.11.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $0.31 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts predict that Builders FirstSource, Inc. will post $1.12 earnings per share for the current fiscal year.

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In other Builders FirstSource news, Director Cleveland A. Christophe sold 36,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.66, for a total value of $599,760.00. Following the completion of the transaction, the director now owns 48,181 shares in the company, valued at $802,695.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Floyd F. Sherman sold 109,536 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 773,171 shares of the company’s stock, valued at approximately $12,927,419.12. The disclosure for this sale can be found here. Insiders sold a total of 13,645,368 shares of company stock valued at $220,735,138 in the last quarter. 14.60% of the stock is owned by insiders.

A number of research analysts have recently commented on the company. Wedbush reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Thursday, September 7th. BidaskClub cut Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG upped their target price on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, FBR & Co reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.29.

Builders FirstSource Company Profile

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.

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

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