Trexquant Investment LP boosted its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 183.7% in the first quarter, HoldingsChannel.com reports. The firm owned 124,508 shares of the company’s stock after buying an additional 80,620 shares during the period. Trexquant Investment LP’s holdings in Builders FirstSource were worth $1,661,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Morgan Stanley grew its holdings in Builders FirstSource by 15.3% in the 3rd quarter. Morgan Stanley now owns 493,873 shares of the company’s stock worth $7,251,000 after buying an additional 65,577 shares in the last quarter. Rhumbline Advisers grew its holdings in Builders FirstSource by 47.5% in the 4th quarter. Rhumbline Advisers now owns 151,071 shares of the company’s stock worth $1,648,000 after buying an additional 48,668 shares in the last quarter. LSV Asset Management grew its holdings in Builders FirstSource by 71.0% in the 4th quarter. LSV Asset Management now owns 2,313,068 shares of the company’s stock worth $25,235,000 after buying an additional 960,271 shares in the last quarter. Comerica Bank grew its holdings in Builders FirstSource by 43.8% in the 4th quarter. Comerica Bank now owns 32,205 shares of the company’s stock worth $412,000 after buying an additional 9,803 shares in the last quarter. Finally, BBT Capital Management LLC bought a new position in Builders FirstSource in the 4th quarter worth approximately $333,000. Institutional investors and hedge funds own 93.27% of the company’s stock.
NASDAQ BLDR traded up $0.16 on Friday, reaching $15.51. 29,118 shares of the stock traded hands, compared to its average volume of 1,034,081. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.88. The firm has a market cap of $1.77 billion, a P/E ratio of 8.11, a PEG ratio of 1.79 and a beta of 2.05. Builders FirstSource, Inc. has a 12 month low of $10.15 and a 12 month high of $19.68.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. Builders FirstSource had a return on equity of 41.88% and a net margin of 2.84%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 1.67 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on BLDR. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Wedbush set a $18.00 price objective on Builders FirstSource and gave the stock a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, May 9th. ValuEngine raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Buckingham Research began coverage on Builders FirstSource in a report on Monday, February 25th. They issued a “neutral” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $16.54.
In other Builders FirstSource news, Director Floyd F. Sherman sold 149,159 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $16.59, for a total transaction of $2,474,547.81. Following the completion of the transaction, the director now directly owns 152,809 shares of the company’s stock, valued at approximately $2,535,101.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Griffin sold 11,133 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $15.08, for a total value of $167,885.64. Following the transaction, the director now directly owns 36,852 shares of the company’s stock, valued at $555,728.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 500,146 shares of company stock valued at $8,134,697. 2.20% of the stock is currently owned by corporate insiders.
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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. 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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