Cory Jacobs Boydston Sells 7,759 Shares of Builders FirstSource, Inc. (NYSE:BLDR) Stock

Builders FirstSource, Inc. (NYSE:BLDRGet Free Report) Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Builders FirstSource Stock Performance

Shares of BLDR opened at $195.50 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The stock has a market cap of $23.84 billion, a P/E ratio of 16.31, a PEG ratio of 1.25 and a beta of 2.04. The company has a 50-day moving average of $182.56 and a two-hundred day moving average of $151.46. Builders FirstSource, Inc. has a 12-month low of $78.53 and a 12-month high of $208.16.

Builders FirstSource (NYSE:BLDRGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. As a group, research analysts predict that Builders FirstSource, Inc. will post 13.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently bought and sold shares of the stock. EdgeRock Capital LLC purchased a new stake in Builders FirstSource in the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. purchased a new stake in Builders FirstSource in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. purchased a new stake in Builders FirstSource in the fourth quarter valued at approximately $29,000. Rock Creek Group LP purchased a new stake in Builders FirstSource in the third quarter valued at approximately $30,000. Finally, BluePath Capital Management LLC purchased a new stake in Builders FirstSource in the third quarter valued at approximately $31,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on BLDR shares. Stifel Nicolaus increased their target price on shares of Builders FirstSource from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Oppenheimer raised their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their target price for the company from $153.00 to $200.00 in a report on Monday, January 29th. Finally, B. Riley raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their target price for the company from $128.00 to $177.00 in a report on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.27.

Check Out Our Latest Research Report on Builders FirstSource

About Builders FirstSource

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Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. 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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.

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