Brandywine Global Investment Management LLC Sells 8,006 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Brandywine Global Investment Management LLC trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 313,592 shares of the company’s stock after selling 8,006 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Builders FirstSource were worth $44,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after buying an additional 64 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock valued at $278,000 after acquiring an additional 64 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after purchasing an additional 65 shares during the period. TFB Advisors LLC lifted its position in shares of Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after purchasing an additional 79 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Builders FirstSource by 14.6% during the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after purchasing an additional 82 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BLDR shares. Loop Capital decreased their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Barclays decreased their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Stifel Nicolaus dropped their price target on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Royal Bank of Canada decreased their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

BLDR opened at $124.53 on Friday. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.80 and a beta of 2.19. The firm’s fifty day simple moving average is $145.58 and its two-hundred day simple moving average is $164.57. 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 $122.49 and a 52-week high of $210.00.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.