Vaughan Nelson Investment Management L.P. Grows Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Vaughan Nelson Investment Management L.P. increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 47.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 188,385 shares of the company's stock after buying an additional 60,955 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.16% of Builders FirstSource worth $36,521,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $267,132,000. Boston Partners increased its position in shares of Builders FirstSource by 0.8% during the 1st quarter. Boston Partners now owns 1,377,335 shares of the company's stock valued at $285,794,000 after purchasing an additional 10,551 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $255,867,000. Massachusetts Financial Services Co. MA increased its position in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock valued at $163,373,000 after purchasing an additional 911,990 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Builders FirstSource by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock valued at $147,059,000 after purchasing an additional 196,571 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $4.92 during midday trading on Friday, reaching $176.28. 1,073,012 shares of the stock traded hands, compared to its average volume of 1,395,817. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market capitalization of $20.29 billion, a PE ratio of 17.21, a P/E/G ratio of 0.98 and a beta of 2.08. Builders FirstSource, Inc. has a one year low of $129.80 and a one year high of $214.70. The company's 50 day moving average is $185.83 and its 200 day moving average is $168.18.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm's revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.24 earnings per share. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource announced that its board has authorized a share repurchase program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BLDR has been the subject of several research reports. Jefferies Financial Group upped their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a "buy" rating and a $225.00 target price for the company. UBS Group initiated coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a "buy" rating and a $232.00 target price for the company. StockNews.com lowered shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $206.47.

About Builders FirstSource

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.