HAP Trading LLC lifted its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 148.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,892 shares of the company’s stock after buying an additional 39,997 shares during the period. HAP Trading LLC’s holdings in Builders FirstSource were worth $1,458,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in BLDR. Hennessy Advisors Inc. purchased a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $37,771,000. BlackRock Inc. boosted its position in shares of Builders FirstSource by 22.1% during the fourth quarter. BlackRock Inc. now owns 8,812,200 shares of the company’s stock valued at $192,018,000 after buying an additional 1,594,755 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Builders FirstSource by 30.9% during the third quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after buying an additional 997,132 shares during the last quarter. Boston Advisors LLC boosted its position in shares of Builders FirstSource by 4,820.1% during the fourth quarter. Boston Advisors LLC now owns 830,268 shares of the company’s stock valued at $18,092,000 after buying an additional 813,393 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in Builders FirstSource during the third quarter worth $12,170,000.
A number of analysts recently commented on the company. B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a report on Wednesday, November 1st. Stifel Nicolaus lifted their price target on Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a report on Monday, January 22nd. ValuEngine upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Wedbush set a $30.00 price target on Builders FirstSource and gave the stock an “outperform” rating in a report on Friday, January 12th. Finally, Stephens reiterated a “buy” rating and set a $27.00 price target on shares of Builders FirstSource in a report on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Builders FirstSource currently has a consensus rating of “Buy” and a consensus target price of $23.41.
In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $20.51, for a total value of $256,375.00. Following the sale, the chief financial officer now directly owns 26,587 shares in the company, valued at $545,299.37. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Floyd F. Sherman sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total value of $777,200.00. Following the completion of the sale, the chief executive officer now owns 623,635 shares in the company, valued at $12,117,228.05. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.
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About Builders FirstSource
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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