Strs Ohio trimmed its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,100 shares of the company’s stock after selling 5,600 shares during the quarter. Strs Ohio owned 0.06% of Builders FirstSource worth $1,080,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Norges Bank acquired a new position in Builders FirstSource during the 4th quarter worth $16,471,000. Deutsche Bank AG grew its stake in Builders FirstSource by 50.6% during the 4th quarter. Deutsche Bank AG now owns 1,014,976 shares of the company’s stock worth $11,071,000 after purchasing an additional 341,155 shares in the last quarter. Marshall Wace LLP acquired a new position in Builders FirstSource during the 1st quarter worth $3,396,000. Brightline Capital Management LLC acquired a new position in Builders FirstSource during the 1st quarter worth $3,202,000. Finally, Dimensional Fund Advisors LP grew its stake in Builders FirstSource by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,542,510 shares of the company’s stock worth $38,649,000 after purchasing an additional 182,727 shares in the last quarter. 90.22% of the stock is owned by hedge funds and other institutional investors.
In other Builders FirstSource news, COO David E. Rush sold 2,351 shares of Builders FirstSource stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $19.48, for a total transaction of $45,797.48. Following the completion of the sale, the chief operating officer now directly owns 42,886 shares of the company’s stock, valued at approximately $835,419.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter M. Jackson sold 4,328 shares of Builders FirstSource stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $20.20, for a total value of $87,425.60. Following the sale, the chief financial officer now directly owns 53,096 shares of the company’s stock, valued at $1,072,539.20. The disclosure for this sale can be found here. Insiders have sold a total of 238,677 shares of company stock valued at $4,551,135 over the last ninety days. 2.20% of the stock is owned by company insiders.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.15. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Builders FirstSource had a return on equity of 39.63% and a net margin of 3.05%. Builders FirstSource’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Equities analysts anticipate that Builders FirstSource, Inc. will post 1.81 earnings per share for the current year.
BLDR has been the subject of several analyst reports. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, May 9th. ValuEngine cut Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Wedbush set a $18.00 target price on Builders FirstSource and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Buckingham Research lifted their price target on Builders FirstSource from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.00.
Builders FirstSource Profile
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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