Toronto Dominion Bank Trims Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Toronto Dominion Bank lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 33.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,728 shares of the company’s stock after selling 19,795 shares during the quarter. Toronto Dominion Bank’s holdings in Builders FirstSource were worth $7,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Builders FirstSource by 54.9% during the second quarter. Blue Trust Inc. now owns 1,815 shares of the company’s stock valued at $251,000 after buying an additional 643 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Builders FirstSource by 687.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 127,430 shares of the company’s stock worth $17,637,000 after purchasing an additional 111,240 shares during the last quarter. BTC Capital Management Inc. grew its position in shares of Builders FirstSource by 27.8% in the second quarter. BTC Capital Management Inc. now owns 2,899 shares of the company’s stock valued at $401,000 after purchasing an additional 630 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Builders FirstSource by 18.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock valued at $16,055,000 after purchasing an additional 18,223 shares during the last quarter. Finally, Continuum Advisory LLC lifted its position in Builders FirstSource by 112.2% during the second quarter. Continuum Advisory LLC now owns 1,672 shares of the company’s stock worth $231,000 after buying an additional 884 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Down 2.5 %

NYSE BLDR opened at $166.43 on Friday. The stock has a market cap of $19.15 billion, a PE ratio of 16.25, a P/E/G ratio of 0.96 and a beta of 2.06. The business has a 50 day moving average price of $181.69 and a two-hundred day moving average price of $169.04. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the business posted $4.24 earnings per share. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on BLDR shares. Bank of America lifted their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Stephens upped their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price target for the company from $165.00 to $220.00 in a report on Monday, September 16th. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, November 6th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Three 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. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $210.00.

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.