Builders FirstSource, Inc. (BLDR) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its holdings in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 12.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 560,978 shares of the company’s stock after selling 78,500 shares during the period. Royce & Associates LP owned 0.50% of Builders FirstSource worth $10,092,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Builders FirstSource during the second quarter worth approximately $114,000. Victory Capital Management Inc. acquired a new stake in Builders FirstSource during the third quarter worth approximately $147,000. Ameritas Investment Partners Inc. lifted its position in Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after acquiring an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Builders FirstSource by 10,237.3% during the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after acquiring an additional 8,497 shares during the last quarter. Finally, Wilen Investment Management CORP. acquired a new stake in Builders FirstSource during the second quarter worth approximately $150,000. Institutional investors and hedge funds own 94.55% of the company’s stock.

In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $20.51, for a total transaction of $256,375.00. Following the completion of the transaction, the chief financial officer now directly owns 26,587 shares in the company, valued at $545,299.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the transaction, the senior vice president now owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is owned by company insiders.

Several brokerages have issued reports on BLDR. ValuEngine downgraded shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. SunTrust Banks restated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Friday, November 10th. Barclays lifted their price target on shares of Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, Citigroup lifted their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $20.00.

Shares of Builders FirstSource, Inc. (BLDR) opened at $20.04 on Thursday. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06. Builders FirstSource, Inc. has a 1 year low of $10.56 and a 1 year high of $20.86. The firm has a market cap of $2,308.52, a P/E ratio of 19.84 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. analysts predict that Builders FirstSource, Inc. will post 1.06 EPS for the current year.

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Builders FirstSource 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.

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

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