Builders Firstsource, Inc. (BLDR): Floyd F Sherman , Chief Executive Officer of Builders Firstsource, Inc. sold 270,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $12.01 per share for a total value of $3,242,700.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Michael Graff (director) sold 1.3263266E7 shares at $10.40 per share price.On May 25, 2016, David Barr (director) sold 1.3263266E7 shares at $10.40 per share price.Also, On May 12, 2016, M Chad Crow (President, COO, and CFO) sold 39,467 shares at $11.22 per share price.On Dec 9, 2015, Morris E Tolly (Sr Vice President-Operations) sold 63,000 shares at $13.07 per share price.
Shares of Builders FirstSource (BLDR) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.41 points or -3.34% at $11.88 with 13,70,289 shares getting traded. Post opening the session at $12.31, the shares hit an intraday low of $11.85 and an intraday high of $12.33 and the price vacillated in this range throughout the day. The company has a market cap of $1,308 M and the number of outstanding shares has been calculated to be 11,01,10,756 shares. The 52-week high of Builders FirstSource is $16.69 and the 52-week low is $6.5.
Company has been under the radar of several Street Analysts.Builders FirstSource is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $16. The Rating was issued on Jun 1, 2016.Builders FirstSource is Initiated by Sun Trust Rbsn Humphrey to Buy and the brokerage firm has set the Price Target at $16. The Rating was issued on Apr 20, 2016.Builders FirstSource is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 13 from a previous price target of $19 . The Rating was issued on Mar 7, 2016.
Builders FirstSource Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components Windows & Doors Lumber & Lumber Sheet Goods Millwork and Other Building Products & Services. The Companys Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing assembly and distribution of windows and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim columns and posts as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products including hardware composite materials roofing and insulation.