Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Raised by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,634 shares of the company’s stock after buying an additional 1,203 shares during the quarter. Toronto Dominion Bank’s holdings in Builders FirstSource were worth $14,522,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Builders FirstSource by 15.7% during the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after buying an additional 1,985,297 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Builders FirstSource by 11.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock worth $236,489,000 after purchasing an additional 143,041 shares during the last quarter. Boston Partners boosted its position in Builders FirstSource by 73.5% during the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock worth $227,464,000 after purchasing an additional 578,961 shares during the period. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter valued at approximately $212,209,000. Finally, Frontier Capital Management Co. LLC raised its position in shares of Builders FirstSource by 34.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after purchasing an additional 292,966 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR stock traded up $8.91 during trading hours on Friday, hitting $167.64. The company had a trading volume of 1,748,253 shares, compared to its average volume of 1,613,951. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.48 and a beta of 2.04. The firm’s fifty day moving average is $150.74 and its 200 day moving average is $173.72. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company earned $2.96 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Jefferies Financial Group lifted their price objective on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Robert W. Baird decreased their target price on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Finally, DA Davidson reiterated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the sale, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

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.