Icon Advisers Inc. Co. held its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,600 shares of the company’s stock at the end of the 2nd quarter. Icon Advisers Inc. Co. owned 0.07% of Builders FirstSource worth $1,174,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Builders FirstSource during the 1st quarter valued at about $108,000. SG Americas Securities LLC bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $114,000. Invictus RG bought a new stake in shares of Builders FirstSource during the 1st quarter valued at about $140,000. Envestnet Asset Management Inc. boosted its position in shares of Builders FirstSource by 68.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after purchasing an additional 3,861 shares in the last quarter. Finally, Wilen Investment Management CORP. bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $150,000. Institutional investors own 85.48% of the company’s stock.
Several brokerages recently commented on BLDR. Wedbush restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Thursday, September 7th. Deutsche Bank AG increased their price target on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.29.
Builders FirstSource, Inc. (NASDAQ BLDR) opened at 16.22 on Friday. The firm has a 50-day moving average price of $16.05 and a 200 day moving average price of $15.30. Builders FirstSource, Inc. has a one year low of $9.04 and a one year high of $17.22. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 10.73 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, topping analysts’ consensus estimates of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $0.31 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts expect that Builders FirstSource, Inc. will post $1.12 earnings per share for the current fiscal year.
In other Builders FirstSource news, Director Robert C. Griffin sold 17,655 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $16.83, for a total transaction of $297,133.65. Following the transaction, the director now owns 40,050 shares in the company, valued at approximately $674,041.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total value of $218,006,802.09. The disclosure for this sale can be found here. Insiders have sold a total of 13,645,368 shares of company stock worth $220,735,138 in the last quarter. Company insiders own 14.60% of the company’s stock.
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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.
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