Floyd F. Sherman sells 35,000 shares of Builders FirstSource, Inc. (NYSE: BLDR)

FirstSource Builders, Inc. (NYSE: BLDR – Get a rating) Director Floyd F. Sherman sold 35,000 shares of Builders FirstSource in a trade dated Tuesday, June 14. The stock was sold at an average price of $55.09, for a total value of $1,928,150.00. Following the transaction, the director now owns 13,972 shares of the company, valued at approximately $769,717.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website.

Shares of BLDR traded down $4.98 during Thursday’s trading, hitting $50.48. The company had a trading volume of 4,545,920 shares, compared to an average volume of 2,665,495. The company has a market capitalization of $8.92 billion, a P/E ratio of 5.94 and a beta of 2.27. Builders FirstSource, Inc. has a one-year low of $39.24 and a one-year high of $86.48. The company has a debt ratio of 0.61, a quick ratio of 1.10 and a current ratio of 1.86. The stock’s 50-day moving average price is $63.20 and its 200-day moving average price is $70.06.

Builders FirstSource (NYSE: BLDR – Get a rating) last released its results on Tuesday, May 10. The company reported earnings per share of $3.90 for the quarter, beating consensus analyst estimates of $2.15 from $1.75. Builders FirstSource earned a return on equity of 39.10% and a net margin of 8.67%. The company posted revenue of $5.68 billion in the quarter, versus a consensus estimate of $4.69 billion. During the same period a year earlier, the company posted EPS of $1.10. The company’s revenue increased by 36.1% compared to the same quarter last year. On average, research analysts expect Builders FirstSource, Inc. to post earnings per share of 8.9 for the current fiscal year.

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A number of institutional investors and hedge funds have been buying and selling stocks recently. Bank of America Corp DE increased its position in Builders FirstSource by 1.2% in the first quarter. Bank of America Corp DE now owns 660,548 shares of the company valued at $42,633,000 after purchasing an additional 7,513 shares last quarter. Walleye Capital LLC increased its stake in Builders FirstSource stock by 663.3% during the first quarter. Walleye Capital LLC now owns 21,083 shares of the company worth $1,361,000 after purchasing an additional 18,321 shares in the last quarter. Advisory Services Network LLC increased its stake in Builders FirstSource stock by 31.8% during the first quarter. Advisory Services Network LLC now owns 4,931 shares of the company worth $318,000 after purchasing an additional 1,190 shares in the last quarter. Range Financial Group LLC acquired a new position in Builders FirstSource stock during the first quarter worth $460,000. Finally, Continuum Advisory LLC bought a new position in Builders FirstSource stock in Q1 worth $209,000. 97.15% of the shares are held by institutional investors and hedge funds.

A number of research analysts have weighed in on BLDR shares recently. Robert W. Baird lowered his target price on Builders FirstSource from $103.00 to $100.00 in a Wednesday, March 2 report. Wedbush raised its price target on Builders FirstSource shares from $105.00 to $110.00 in a Friday, May 13 report. BMO Capital Markets reduced its target price on Builders FirstSource shares from $96.00 to $90.00 in a Tuesday, May 17 research note. Bryan, Garnier & Co downgraded Builders FirstSource shares from a “buy” rating to a “neutral” rating and set a price target of $71.00 for the stock. in a research note from Wednesday, April 6. Finally, B. Riley downgraded Builders FirstSource shares from a “buy” rating to a “neutral” rating and set a price target of $71.00 for the company. in a Wednesday, April 6 research report. Two investment analysts gave the stock a hold rating and nine gave the stock a buy rating. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Buy” and a consensus target price of $93.17.

Company Profile Builders FirstSource (Get a rating)

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, fabricated components and construction services to professional home builders, contractors, remodelers and consumers in the United States. It offers lumber and lumber sheet products including dimensional lumber, plywood and oriented strand board products that are used in the framing of on-site homes; manufactured products, such as wooden floors 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 and exterior trim and custom products under the Synboard brand.

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