Vaughan Nelson Investment Management L.P. Increases Stock Position in Builders FirstSource, Inc. $BLDR

Vaughan Nelson Investment Management L.P. raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 28.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,845 shares of the company’s stock after purchasing an additional 1,975 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Builders FirstSource were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in Builders FirstSource in the 1st quarter valued at approximately $31,000. CX Institutional purchased a new stake in Builders FirstSource in the 1st quarter valued at approximately $45,000. Mather Group LLC. boosted its holdings in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after purchasing an additional 98 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after purchasing an additional 109 shares in the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.7%

Shares of Builders FirstSource stock opened at $128.67 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $201.53. The company has a market capitalization of $14.22 billion, a P/E ratio of 19.52, a P/E/G ratio of 14.39 and a beta of 1.62. The business has a 50 day moving average price of $133.79 and a 200 day moving average price of $124.23.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Wedbush reissued a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a research note on Monday, September 15th. Royal Bank Of Canada lowered Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $132.00 to $129.00 in a research note on Friday, August 1st. Stifel Nicolaus boosted their price target on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $134.00 price target on shares of Builders FirstSource in a research note on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average price target of $151.50.

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.