TD Private Client Wealth LLC Has $696,000 Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

TD Private Client Wealth LLC grew its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 114.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,573 shares of the company's stock after acquiring an additional 2,974 shares during the quarter. TD Private Client Wealth LLC's holdings in Builders FirstSource were worth $696,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Builders FirstSource by 28.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 307,349 shares of the company's stock valued at $38,400,000 after purchasing an additional 68,449 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Builders FirstSource by 50.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,347 shares of the company's stock worth $293,000 after buying an additional 783 shares in the last quarter. World Investment Advisors grew its holdings in Builders FirstSource by 75.2% during the 1st quarter. World Investment Advisors now owns 4,295 shares of the company's stock worth $537,000 after acquiring an additional 1,843 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Builders FirstSource in the 1st quarter valued at about $95,000. Finally, IFM Investors Pty Ltd raised its stake in shares of Builders FirstSource by 12.0% in the first quarter. IFM Investors Pty Ltd now owns 25,565 shares of the company's stock worth $3,194,000 after acquiring an additional 2,743 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 283,517 shares of the company's stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the purchase, the director directly owned 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This represents a 20.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 505,000 shares of company stock valued at $56,032,120 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on BLDR. Stephens lowered their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Barclays dropped their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. BMO Capital Markets decreased their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday, May 5th. Loop Capital dropped their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $159.42.

Builders FirstSource Stock Up 1.7%

NYSE:BLDR traded up $2.24 on Thursday, hitting $135.24. 2,793,014 shares of the company's stock were exchanged, compared to its average volume of 1,729,782. The firm has a 50-day moving average price of $114.88 and a 200-day moving average price of $130.89. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The company has a market cap of $14.95 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 8.10 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 EPS. As a group, analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

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.