HBK Investments L P Cuts Stake in Builders FirstSource, Inc. (BLDR)

HBK Investments L P lowered its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 60.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,296 shares of the company’s stock after selling 56,404 shares during the quarter. HBK Investments L P’s holdings in Builders FirstSource were worth $791,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Builders FirstSource by 22.1% in 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 in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Builders FirstSource by 4.9% in the fourth quarter. Eagle Asset Management Inc. now owns 4,429,047 shares of the company’s stock valued at $96,209,000 after buying an additional 204,898 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $72,560,000. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,257,642 shares of the company’s stock valued at $58,604,000 after buying an additional 63,672 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $37,771,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

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A number of equities research analysts have recently issued reports on the company. Barclays set a $21.00 target price on Builders FirstSource and gave the company a “hold” rating in a research note on Sunday, January 7th. Wedbush set a $30.00 target price on Builders FirstSource and gave the company an “outperform” rating in a research note on Friday, January 12th. Stifel Nicolaus increased their target price on Builders FirstSource from $23.00 to $26.50 and gave the company a “buy” rating in a research note on Monday, January 22nd. Stephens reiterated a “buy” rating and issued a $27.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 17th. Finally, BidaskClub lowered Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Builders FirstSource presently has an average rating of “Buy” and a consensus target price of $23.41.

Shares of BLDR stock opened at $19.88 on Friday. Builders FirstSource, Inc. has a 12 month low of $13.33 and a 12 month high of $23.28. The company has a current ratio of 1.75, a quick ratio of 0.99 and a debt-to-equity ratio of 4.71. The firm has a market capitalization of $2,320.07, a P/E ratio of 16.01 and a beta of 2.05.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.23. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm earned $0.16 EPS. Builders FirstSource’s quarterly revenue was up 15.0% on a year-over-year basis. equities research analysts forecast that Builders FirstSource, Inc. will post 1.79 earnings per share for the current year.

In other Builders FirstSource news, CFO Peter M. Jackson sold 11,972 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $21.44, for a total transaction of $256,679.68. Following the completion of the sale, the chief financial officer now owns 32,305 shares in the company, valued at approximately $692,619.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Donald F. Mcaleenan sold 194,043 shares of Builders FirstSource stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $21.66, for a total value of $4,202,971.38. Following the completion of the transaction, the senior vice president now owns 442,148 shares of the company’s stock, valued at approximately $9,576,925.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 409,650 shares of company stock valued at $8,790,722. 14.60% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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