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

Vaughan Nelson Investment Management L.P. decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 26.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,055 shares of the company’s stock after selling 50,330 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Builders FirstSource were worth $19,733,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Mountaineer Partners Management LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $2,099,877,000. FMR LLC boosted its position in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in Builders FirstSource in the third quarter valued at approximately $267,132,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $255,867,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of Builders FirstSource by 256,479.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock worth $128,331,000 after buying an additional 661,718 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on BLDR shares. Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Stephens boosted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. DA Davidson raised their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. UBS Group began coverage on Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Finally, Royal Bank of Canada raised their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $153.97 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $159.36 and a 200 day moving average price of $171.47. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The stock has a market cap of $17.72 billion, a P/E ratio of 15.04, a PEG ratio of 0.89 and a beta of 2.12.

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.