Vaughan Nelson Investment Management L.P. Purchases 93,290 Shares of Builders FirstSource, Inc. $BLDR

Vaughan Nelson Investment Management L.P. grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1,054.7% during the third quarter, HoldingsChannel reports. The firm owned 102,135 shares of the company’s stock after buying an additional 93,290 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Builders FirstSource were worth $12,384,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Builders FirstSource in the second quarter valued at $147,994,000. Brave Warrior Advisors LLC raised its position in shares of Builders FirstSource by 47.2% in the 2nd quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after acquiring an additional 585,683 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after purchasing an additional 423,891 shares during the period. Atreides Management LP acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at about $37,592,000. Finally, Moore Capital Management LP bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $25,647,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR stock opened at $105.14 on Thursday. The company has a market capitalization of $11.63 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 13.52 and a beta of 1.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $175.12. The business has a 50-day simple moving average of $106.47 and a two-hundred day simple moving average of $121.69.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the business posted $3.07 earnings per share. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of research analyst reports. Stephens lowered their target price on Builders FirstSource from $140.00 to $137.00 in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Stifel Nicolaus cut their target price on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Vertical Research started coverage on shares of Builders FirstSource in a report on Monday, October 20th. They issued a “sell” rating and a $109.41 price target for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $133.92.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.