Toronto Dominion Bank Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Toronto Dominion Bank boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,898 shares of the company’s stock after purchasing an additional 5,170 shares during the period. Toronto Dominion Bank’s holdings in Builders FirstSource were worth $6,417,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BLDR. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $34,000. Avion Wealth increased its stake in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after buying an additional 306 shares during the period. Mather Group LLC. increased its stake in shares of Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after buying an additional 237 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after buying an additional 134 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $74,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BLDR shares. Raymond James reissued an “outperform” rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $132.00 target price on shares of Builders FirstSource in a research note on Thursday, May 15th. Barclays reduced their target price on Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Robert W. Baird set a $130.00 price target on Builders FirstSource in a research report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on Builders FirstSource from $125.00 to $118.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.58.

Builders FirstSource Trading Up 1.3%

NYSE BLDR opened at $108.87 on Friday. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14. The stock has a market cap of $12.03 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.80 and a beta of 1.79. The stock’s fifty day moving average price is $117.53 and its 200-day moving average price is $142.48. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the firm posted $2.65 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 283,517 shares of the stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director now directly owns 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 505,000 shares of company stock valued at $56,032,120. Insiders own 2.00% of the company’s stock.

Builders FirstSource 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.