Peregrine Capital Management LLC lifted its holdings in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 470,343 shares of the companys stock after purchasing an additional 9,563 shares during the period. Peregrine Capital Management LLC owned 0.42% of Builders FirstSource worth $8,461,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Boston Advisors LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $304,000. Fox Run Management L.L.C. lifted its holdings in shares of Builders FirstSource by 40.7% during the third quarter. Fox Run Management L.L.C. now owns 28,000 shares of the companys stock worth $504,000 after purchasing an additional 8,100 shares during the period. Strs Ohio acquired a new position in shares of Builders FirstSource during the third quarter worth $1,133,000. Fisher Asset Management LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $1,290,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $2,815,000. Institutional investors own 85.87% of the companys stock.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts consensus estimates of $0.34 by $0.03. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The companys revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS.
A number of brokerages have recently commented on BLDR. Zacks Investment Research lowered shares of Builders FirstSource from a hold rating to a sell rating in a report on Monday, October 9th. Wedbush reiterated a buy rating and set a $20.00 price target on shares of Builders FirstSource in a report on Thursday, September 7th. BidaskClub lowered shares of Builders FirstSource from a hold rating to a sell rating in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG lifted their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the companys stock. The stock presently has an average rating of Hold and a consensus price target of $17.33.
In other Builders FirstSource news, Director Cleveland A. Christophe sold 36,000 shares of the firms stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.66, for a total value of $599,760.00. Following the sale, the director now owns 48,181 shares of the companys stock, valued at approximately $802,695.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Floyd F. Sherman sold 109,536 shares of the firms stock in a transaction on Friday, September 8th. The stock was sold at an average price of $16.72, for a total transaction of $1,831,441.92. Following the completion of the sale, the chief executive officer now directly owns 773,171 shares in the company, valued at approximately $12,927,419.12. The disclosure for this sale can be found here. In the last three months, insiders sold 13,645,368 shares of company stock worth $220,735,138. Insiders own 14.60% of the companys stock.
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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 Companys 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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