Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 33.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 39,728 shares of the company’s stock after selling 19,795 shares during the period. 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 (SEC).

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

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research reports. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Royal Bank of Canada increased their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target for the company. Loop Capital increased their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Robert W. Baird lifted their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $210.00.

Builders FirstSource Trading Down 2.5 %

Builders FirstSource stock opened at $166.43 on Friday. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The stock has a market capitalization of $19.15 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The firm has a 50 day simple moving average of $181.69 and a 200-day simple moving average of $169.04. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

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

Insiders Place Their Bets

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by company 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.