Creative Planning boosted its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 7.6% in the first quarter, Holdings Channel reports. The institutional investor owned 11,269 shares of the company’s stock after acquiring an additional 800 shares during the period. Creative Planning’s holdings in Builders FirstSource were worth $150,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. First Quadrant L P CA purchased a new position in Builders FirstSource during the 1st quarter worth $80,000. Strs Ohio increased its holdings in Builders FirstSource by 3.7% during the 1st quarter. Strs Ohio now owns 69,700 shares of the company’s stock worth $929,000 after purchasing an additional 2,500 shares during the period. Eqis Capital Management Inc. purchased a new position in Builders FirstSource during the 1st quarter worth $142,000. Meeder Asset Management Inc. increased its holdings in Builders FirstSource by 59.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock worth $44,000 after purchasing an additional 1,213 shares during the period. Finally, Tibra Equities Europe Ltd purchased a new position in Builders FirstSource during the 1st quarter worth $219,000. 94.77% of the stock is owned by institutional investors.
Shares of NASDAQ BLDR opened at $16.15 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.02 and a debt-to-equity ratio of 2.47. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 8.50, a P/E/G ratio of 1.90 and a beta of 2.19. Builders FirstSource, Inc. has a 12-month low of $10.15 and a 12-month high of $20.79.
BLDR has been the topic of several research reports. TheStreet upgraded Builders FirstSource from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. B. Riley reduced their price objective on Builders FirstSource from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Wedbush set a $18.00 price objective on Builders FirstSource and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target 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 sale, the director now owns 152,809 shares of the company’s stock, valued at approximately $2,535,101.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donald F. Mcaleenan sold 116,327 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $16.38, for a total value of $1,905,436.26. Following the sale, the senior vice president now directly owns 324,476 shares in the company, valued at approximately $5,314,916.88. The disclosure for this sale can be found here. Insiders have sold a total of 477,213 shares of company stock worth $7,776,331 in the last ninety days. Insiders own 2.20% of the company’s stock.
Builders FirstSource Company Profile
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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