California Public Employees Retirement System reduced its stake in shares of Builders FirstSource Inc. (NASDAQ:BLDR) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 97,600 shares of the company’s stock after selling 3,100 shares during the period. California Public Employees Retirement System owned about 0.09% of Builders FirstSource worth $1,098,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in BLDR. Legal & General Group Plc boosted its stake in shares of Builders FirstSource by 84.3% in the first quarter. Legal & General Group Plc now owns 9,282 shares of the company’s stock worth $101,000 after buying an additional 4,247 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Builders FirstSource by 1.3% in the first quarter. Loomis Sayles & Co. L P now owns 18,514 shares of the company’s stock worth $209,000 after buying an additional 235 shares during the period. Emerald Acquisition Ltd. acquired a new position in Builders FirstSource during the second quarter valued at $302,000. HBK Investments L P raised its position in Builders FirstSource by 32.6% in the first quarter. HBK Investments L P now owns 39,785 shares of the company’s stock valued at $448,000 after buying an additional 9,785 shares in the last quarter. Finally, SignalPoint Asset Management LLC acquired a new position in Builders FirstSource during the second quarter valued at $498,000. 83.04% of the stock is owned by institutional investors.
Shares of Builders FirstSource Inc. (NASDAQ:BLDR) traded down 2.25% during mid-day trading on Friday, hitting $10.87. The stock had a trading volume of 718,686 shares. The firm’s 50 day moving average price is $12.16 and its 200 day moving average price is $11.99. Builders FirstSource Inc. has a 1-year low of $6.50 and a 1-year high of $15.72. The company’s market cap is $1.20 billion.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.05. The company earned $1.70 billion during the quarter, compared to analyst estimates of $1.72 billion. Builders FirstSource had a negative net margin of 0.12% and a positive return on equity of 38.21%. The business’s revenue for the quarter was up 263.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. Analysts predict that Builders FirstSource Inc. will post $0.80 earnings per share for the current fiscal year.
BLDR has been the topic of several recent analyst reports. Zacks Investment Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Monday, July 18th. Wedbush reiterated an “outperform” rating and set a $18.00 target price on shares of Builders FirstSource in a report on Tuesday, September 6th. Citigroup Inc. lifted their target price on Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Builders FirstSource in a report on Tuesday, June 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.14.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 235,753 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $12.39, for a total transaction of $2,920,979.67. Following the completion of the sale, the chief executive officer now directly owns 559,963 shares in the company, valued at approximately $6,937,941.57. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Donald F. Mcaleenan sold 70,000 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $12.56, for a total value of $879,200.00. Following the sale, the senior vice president now owns 373,238 shares of the company’s stock, valued at $4,687,869.28. The disclosure for this sale can be found here. 36.20% of the stock is owned by corporate insiders.
About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.
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