Xact Kapitalforvaltning AB bought a new stake in Builders FirstSource, Inc. (NASDAQ:BLDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,104 shares of the company’s stock, valued at approximately $242,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Builders FirstSource by 221.5% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 50,800 shares of the company’s stock valued at $1,107,000 after purchasing an additional 35,000 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Builders FirstSource in the 4th quarter valued at about $1,100,000. Park West Asset Management LLC acquired a new position in shares of Builders FirstSource in the 4th quarter valued at about $11,346,000. Soapstone Management L.P. acquired a new position in shares of Builders FirstSource in the 4th quarter valued at about $23,205,000. Finally, LPL Financial LLC increased its holdings in shares of Builders FirstSource by 5.2% in the 4th quarter. LPL Financial LLC now owns 75,170 shares of the company’s stock valued at $1,638,000 after purchasing an additional 3,722 shares during the period. Institutional investors own 97.97% of the company’s stock.
Several brokerages recently commented on BLDR. BidaskClub raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 7th. Zacks Investment Research cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Stifel Nicolaus reissued a “buy” rating on shares of Builders FirstSource in a research note on Friday, March 2nd. Wedbush reissued an “outperform” rating and issued a $30.00 price target on shares of Builders FirstSource in a research note on Thursday, March 1st. Finally, ValuEngine raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $23.41.
Shares of NASDAQ BLDR opened at $19.20 on Monday. The company has a market capitalization of $2,200.70, a P/E ratio of 15.12 and a beta of 2.05. Builders FirstSource, Inc. has a 52 week low of $13.33 and a 52 week high of $23.28. The company has a debt-to-equity ratio of 4.71, a current ratio of 1.75 and a quick ratio of 0.99.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Wednesday, February 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. equities analysts forecast that Builders FirstSource, Inc. will post 1.78 earnings per share for the current year.
In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 194,043 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $21.66, for a total transaction of $4,202,971.38. Following the completion of the sale, the senior vice president now owns 442,148 shares of the company’s stock, valued at $9,576,925.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Morris E. Tolly sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $21.25, for a total value of $1,062,500.00. Following the sale, the chief operating officer now directly owns 128,344 shares of the company’s stock, valued at approximately $2,727,310. The disclosure for this sale can be found here. Insiders have sold 409,650 shares of company stock valued at $8,790,722 in the last ninety days. Company insiders own 14.60% of the company’s stock.
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Builders FirstSource Company Profile
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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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