SignalPoint Asset Management LLC purchased a new position in Builders FirstSource Inc. (NASDAQ:BLDR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,282 shares of the company’s stock, valued at approximately $498,000.
A number of other hedge funds also recently modified their holdings of the company. 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 last quarter. 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 last quarter. HBK Investments L P boosted its stake in shares of Builders FirstSource by 32.6% in the first quarter. HBK Investments L P now owns 39,785 shares of the company’s stock worth $448,000 after buying an additional 9,785 shares during the last quarter. Menta Capital LLC boosted its stake in shares of Builders FirstSource by 26.2% in the first quarter. Menta Capital LLC now owns 69,400 shares of the company’s stock worth $782,000 after buying an additional 14,400 shares during the last quarter. Finally, Springbok Capital Management LLC boosted its stake in shares of Builders FirstSource by 81.6% in the first quarter. Springbok Capital Management LLC now owns 88,400 shares of the company’s stock worth $996,000 after buying an additional 39,733 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.
Shares of Builders FirstSource Inc. (NASDAQ:BLDR) traded down 0.44% during trading on Tuesday, reaching $11.35. The company had a trading volume of 368,081 shares. The stock’s 50-day moving average price is $12.53 and its 200-day moving average price is $11.95. The company’s market capitalization is $1.25 billion. Builders FirstSource Inc. has a 52 week low of $6.50 and a 52 week high of $15.72.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.05. Builders FirstSource had a positive return on equity of 38.21% and a negative net margin of 0.12%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue was up 263.4% compared to the same quarter last year. On average, equities analysts expect that Builders FirstSource Inc. will post $0.80 EPS for the current fiscal year.
A number of analysts have commented on BLDR shares. Credit Suisse Group AG restated a “hold” rating on shares of Builders FirstSource in a research report on Tuesday, June 28th. Zacks Investment Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Monday, July 18th. Citigroup Inc. upped their price objective on Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Builders FirstSource in a research note on Tuesday, September 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Builders FirstSource has a consensus rating of “Buy” and an average price target of $15.00.
In other Builders FirstSource news, insider Morris E. Tolly sold 50,000 shares of Builders FirstSource stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $12.43, for a total transaction of $621,500.00. Following the completion of the sale, the insider now owns 216,890 shares of the company’s stock, valued at approximately $2,695,942.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Donald F. Mcaleenan sold 70,000 shares of Builders FirstSource 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 directly owns 373,238 shares of the company’s stock, valued at approximately $4,687,869.28. The disclosure for this sale can be found here. Company insiders own 36.20% of the company’s stock.
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 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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