207,743 Shares in Builders FirstSource, Inc. $BLDR Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada acquired 207,743 Builders FirstSource shares worth approximately $11.8 million, giving it a 0.19% stake. Institutional investors collectively own 95.53% of BLDR.
• Builders FirstSource reported weaker quarterly results, with earnings of $1.17 per share versus the $1.25 consensus estimate and revenue down 8.8% year over year to $3.86 billion.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $83.54, despite recent target-price cuts and BLDR shares opening at $54.74.

TD Waterhouse Canada Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 207,743 shares of the company's stock, valued at approximately $11,843,000. TD Waterhouse Canada Inc. owned about 0.19% of Builders FirstSource as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BLDR. BlackRock Inc. acquired a new stake in Builders FirstSource during the second quarter worth $700,934,000. Dimensional Fund Advisors LP raised its position in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock valued at $244,301,000 after purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $134,908,000. Pictet Asset Management Holding SA lifted its stake in shares of Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company's stock valued at $113,478,000 after purchasing an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Builders FirstSource during the 2nd quarter worth $83,832,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 0.2%

Shares of NYSE BLDR opened at $54.74 on Monday. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 1.79 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The business's 50 day moving average is $62.10 and its two-hundred day moving average is $72.64.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the company earned $2.38 earnings per share. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. Research analysts predict that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BLDR shares. Citizens Jmp started coverage on Builders FirstSource in a research report on Friday, August 21st. They set a "market perform" rating for the company. Wells Fargo & Company decreased their target price on shares of Builders FirstSource from $63.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Friday. Truist Financial decreased their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, Melius Research assumed coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They set a "sell" rating and a $52.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $83.54.

Builders FirstSource Company Profile

Builders FirstSource, Inc NYSE: BLDR is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.

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