Brandywine Global Investment Management LLC Sells 54,516 Shares of Builders FirstSource, Inc. (NASDAQ:BLDR)

Brandywine Global Investment Management LLC trimmed its holdings in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,665 shares of the company’s stock after selling 54,516 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of Builders FirstSource worth $8,273,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Carillon Tower Advisers Inc. bought a new position in Builders FirstSource in the 4th quarter valued at $72,560,000. Hennessy Advisors Inc. bought a new position in Builders FirstSource in the 4th quarter valued at $37,771,000. Lakewood Capital Management LP bought a new position in Builders FirstSource in the 4th quarter valued at $37,241,000. BlackRock Inc. boosted its position in shares of Builders FirstSource by 22.1% in the 4th quarter. BlackRock Inc. now owns 8,812,200 shares of the company’s stock worth $192,018,000 after purchasing an additional 1,594,755 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Builders FirstSource by 30.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock worth $74,936,000 after purchasing an additional 997,132 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently issued reports on the company. ValuEngine upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus lifted their target price on Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research lowered Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Barclays set a $21.00 price target on Builders FirstSource and gave the company a “hold” rating in a research note on Sunday, January 7th. Finally, Wedbush set a $30.00 price target on Builders FirstSource and gave the company an “outperform” rating in a research note on Friday, January 12th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.41.

BLDR traded down $0.17 during trading on Friday, hitting $19.70. 917,493 shares of the stock traded hands, compared to its average volume of 804,193. Builders FirstSource, Inc. has a twelve month low of $13.33 and a twelve month high of $23.28. The company has a market cap of $2,267.57, a P/E ratio of 15.51 and a beta of 2.05. The company has a debt-to-equity ratio of 4.71, a current ratio of 1.75 and a quick ratio of 0.99.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.17 by $0.23. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.70 billion. Builders FirstSource had a net margin of 0.55% and a return on equity of 39.79%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. analysts expect that Builders FirstSource, Inc. will post 1.76 earnings per share for the current fiscal year.

In related news, SVP Donald F. Mcaleenan sold 194,043 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $21.66, for a total value of $4,202,971.38. Following the completion of the sale, the senior vice president now directly owns 442,148 shares in the company, valued at $9,576,925.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Floyd F. Sherman sold 100,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $21.24, for a total transaction of $2,124,000.00. Following the sale, the director now directly owns 481,834 shares in the company, valued at approximately $10,234,154.16. The disclosure for this sale can be found here. Insiders sold 409,650 shares of company stock valued at $8,790,722 over the last 90 days. 14.60% of the stock is currently owned by company insiders.

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About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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