Brandywine Global Investment Management LLC Boosts Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Brandywine Global Investment Management LLC increased its stake in Builders FirstSource, Inc. by 16.8% during Q1, now holding 366,394 shares worth $45.77 million.
• Several institutional investors have also increased their positions, with 95.53% of Builders FirstSource stock held by hedge funds and other institutions.
• Analysts suggest a consensus rating of "Hold" for Builders FirstSource, with a target price of $154.44, reflecting mixed market outlooks.

Brandywine Global Investment Management LLC grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 16.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,394 shares of the company's stock after buying an additional 52,802 shares during the period. Brandywine Global Investment Management LLC owned about 0.33% of Builders FirstSource worth $45,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BLDR. Renaissance Technologies LLC acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $9,954,000. Raymond James Financial Inc. acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $34,540,000. Townsquare Capital LLC increased its position in shares of Builders FirstSource by 15.0% during the 4th quarter. Townsquare Capital LLC now owns 4,255 shares of the company's stock valued at $608,000 after purchasing an additional 554 shares during the period. Barclays PLC increased its position in shares of Builders FirstSource by 51.5% during the 4th quarter. Barclays PLC now owns 347,596 shares of the company's stock valued at $49,683,000 after purchasing an additional 118,093 shares during the period. Finally, Mariner LLC increased its position in shares of Builders FirstSource by 7.2% during the 4th quarter. Mariner LLC now owns 57,616 shares of the company's stock valued at $8,235,000 after purchasing an additional 3,875 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stephens cut their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Barclays decreased their price objective on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, August 1st. BMO Capital Markets decreased their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday, May 5th. Finally, Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of "Hold" and a consensus price target of $154.44.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles purchased 5,000 shares of Builders FirstSource 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 owned 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Performance

NYSE BLDR traded down $1.13 during trading hours on Friday, hitting $137.02. 1,351,036 shares of the company's stock traded hands, compared to its average volume of 2,266,199. The business's fifty day moving average price is $125.41 and its two-hundred day moving average price is $126.29. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $15.15 billion, a P/E ratio of 20.79, a P/E/G ratio of 14.50 and a beta of 1.68. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The company's revenue was down 5.0% on a year-over-year basis. Equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its board has approved a share buyback plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Builders FirstSource Company 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.