Vaughan Nelson Investment Management L.P. Cuts Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Vaughan Nelson Investment Management L.P. lessened its position in Builders FirstSource, Inc. (NYSE:BLDR) by 95.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,870 shares of the company’s stock after selling 131,185 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Builders FirstSource were worth $858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the 4th quarter valued at $34,000. Sentry Investment Management LLC acquired a new position in Builders FirstSource during the 1st quarter worth $40,000. CX Institutional acquired a new position in Builders FirstSource during the 1st quarter worth $45,000. Smartleaf Asset Management LLC grew its stake in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after purchasing an additional 134 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Builders FirstSource during the 4th quarter worth $74,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In related news, Director Dirkson R. Charles acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul S. Levy acquired 216,483 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $110.65 per share, with a total value of $23,953,843.95. Following the completion of the transaction, the director now directly owns 1,389,170 shares in the company, valued at $153,711,660.50. This trade represents a 18.46% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 505,000 shares of company stock valued at $56,032,120 in the last three months. 2.00% of the stock is currently owned by company insiders.

Builders FirstSource Stock Down 3.4%

Shares of NYSE BLDR opened at $111.17 on Monday. The stock has a market cap of $12.29 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.69. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The business has a 50-day moving average price of $114.76 and a 200 day moving average price of $136.67.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.65 EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its board has authorized a share repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BLDR shares. Benchmark lowered their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Raymond James reissued an “outperform” rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Loop Capital lowered their target price on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Robert W. Baird set a $130.00 target price on Builders FirstSource in a research note on Friday, May 2nd. Finally, Barclays lowered their price objective on Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $167.58.

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.