A Director at Builders Firstsource (BLDR) is Buying Shares


Today, a Director at Builders Firstsource (NASDAQ: BLDR), David Barr, bought shares of BLDR for $937.8K.

Following this transaction David Barr’s holding in the company was increased by 307.76% to a total of $1.24 million. Following David Barr’s last BLDR Buy transaction on May 25, 2016, the stock climbed by 3.7%.

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Based on Builders Firstsource’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.09 billion and quarterly net profit of $56.62 million. In comparison, last year the company earned revenue of $1.84 billion and had a net profit of $37.91 million. BLDR’s market cap is $1.79B and the company has a P/E ratio of 23.8. Currently, Builders Firstsource has an average volume of 989.4K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $23.40, reflecting a 51.3% upside. Four different firms, including B.Riley FBR and RBC Capital, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $769.5K worth of BLDR shares and purchased $937.8K worth of BLDR shares. The insider sentiment on Builders Firstsource has been negative according to 64 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Builers FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. It operates through the following segments: Northeast, Southeast, South, and West.

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