Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 20.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,190 shares of the company’s stock after acquiring an additional 2,800 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Builders FirstSource were worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. EdgeRock Capital LLC acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $28,000. Rakuten Securities Inc. acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $29,000. Raleigh Capital Management Inc. increased its stake in Builders FirstSource by 134.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after buying an additional 142 shares during the period. Finally, Principal Securities Inc. purchased a new stake in Builders FirstSource during the 4th quarter worth $32,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BLDR. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Bank of America dropped their price target on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Robert W. Baird dropped their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Barclays dropped their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Finally, DA Davidson reissued a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average target price of $192.47.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Builders FirstSource Trading Up 0.6 %

NYSE BLDR opened at $134.74 on Wednesday. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The company has a 50-day simple moving average of $160.69 and a 200-day simple moving average of $175.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The firm has a market capitalization of $16.45 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 2.23 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the business posted $2.96 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Builders FirstSource Profile

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.