TD Private Client Wealth LLC Acquires 737 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

TD Private Client Wealth LLC grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 22.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,971 shares of the company’s stock after acquiring an additional 737 shares during the period. TD Private Client Wealth LLC’s holdings in Builders FirstSource were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Forsta AP Fonden grew its holdings in Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after purchasing an additional 2,900 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Builders FirstSource by 18.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock valued at $16,055,000 after acquiring an additional 18,223 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Builders FirstSource by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company’s stock worth $152,343,000 after acquiring an additional 16,000 shares in the last quarter. AMF Tjanstepension AB bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $1,471,000. Finally, Brophy Wealth Management LLC purchased a new position in Builders FirstSource during the third quarter valued at approximately $894,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

BLDR stock opened at $166.19 on Friday. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The firm has a market capitalization of $19.13 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The company has a fifty day simple moving average of $181.69 and a two-hundred day simple moving average of $169.00. 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 announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS 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 business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business posted $4.24 EPS. The firm’s revenue was down 6.7% on a year-over-year basis. Analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent analyst reports. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Tuesday. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, November 6th. Loop Capital upped their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. UBS Group began coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Finally, Royal Bank of Canada upped their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $210.00.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The shares were 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 of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

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.