Floyd F. Sherman Sells 50,000 Shares of Builders FirstSource, Inc. (BLDR) Stock

Builders FirstSource, Inc. (NASDAQ:BLDR) Director Floyd F. Sherman sold 50,000 shares of Builders FirstSource stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $20.21, for a total transaction of $1,010,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Builders FirstSource traded down $0.55, reaching $19.04, during trading hours on Thursday, MarketBeat.com reports. The company’s stock had a trading volume of 125,059 shares, compared to its average volume of 1,169,448. Builders FirstSource, Inc. has a one year low of $14.39 and a one year high of $23.28. The company has a quick ratio of 1.15, a current ratio of 2.09 and a debt-to-equity ratio of 4.81. The company has a market cap of $2.33 billion, a PE ratio of 15.43 and a beta of 2.06.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Wednesday, May 9th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.08. Builders FirstSource had a net margin of 0.81% and a return on equity of 41.83%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. sell-side analysts expect that Builders FirstSource, Inc. will post 1.87 earnings per share for the current fiscal year.

BLDR has been the topic of a number of research reports. BidaskClub downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Wedbush reiterated an “outperform” rating and issued a $30.00 price target on shares of Builders FirstSource in a report on Thursday, March 1st. Stifel Nicolaus reiterated a “buy” rating on shares of Builders FirstSource in a report on Friday, March 2nd. Zacks Investment Research downgraded shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, ValuEngine downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Builders FirstSource has a consensus rating of “Buy” and an average price target of $23.14.

Several institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in Builders FirstSource during the 1st quarter valued at about $112,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Builders FirstSource by 58.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after purchasing an additional 2,766 shares during the last quarter. Hilltop Holdings Inc. bought a new position in Builders FirstSource during the 1st quarter valued at about $203,000. Tocqueville Asset Management L.P. bought a new position in Builders FirstSource during the 4th quarter valued at about $207,000. Finally, Royal Bank of Canada grew its holdings in Builders FirstSource by 140.2% during the 1st quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock valued at $218,000 after purchasing an additional 6,401 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

About Builders FirstSource

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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

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