Eagle Asset Management Inc. increased its holdings in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 0.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,222,523 shares of the company’s stock after purchasing an additional 4,956 shares during the quarter. Eagle Asset Management Inc. owned 2.79% of Builders FirstSource worth $66,303,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $206,000. ARP Americas LP bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $667,000. Russell Investments Group Ltd. increased its stake in Builders FirstSource by 81.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 418,788 shares of the company’s stock worth $8,575,000 after purchasing an additional 187,398 shares in the last quarter. California Public Employees Retirement System increased its stake in Builders FirstSource by 38.9% during the 3rd quarter. California Public Employees Retirement System now owns 271,528 shares of the company’s stock worth $5,587,000 after purchasing an additional 76,006 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $1,582,000. 87.43% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the company. DA Davidson increased their target price on Builders FirstSource to $21.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. SunTrust Banks increased their target price on Builders FirstSource to $24.00 in a research note on Monday, November 4th. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday. Seaport Global Securities reissued a “buy” rating on shares of Builders FirstSource in a research note on Monday, November 4th. Finally, BidaskClub raised Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Builders FirstSource presently has a consensus rating of “Buy” and a consensus target price of $20.90.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. Builders FirstSource had a return on equity of 37.03% and a net margin of 3.17%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $0.67 EPS. The business’s revenue was down 6.5% on a year-over-year basis. As a group, analysts anticipate that Builders FirstSource, Inc. will post 1.99 earnings per share for the current fiscal year.
In other Builders FirstSource news, COO David E. Rush sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.53, for a total transaction of $294,360.00. Following the completion of the transaction, the chief operating officer now owns 54,886 shares of the company’s stock, valued at approximately $1,346,353.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.
About Builders FirstSource
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. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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