TD Private Client Wealth LLC Buys 2,974 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

TD Private Client Wealth LLC lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 114.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,573 shares of the company's stock after purchasing an additional 2,974 shares during the period. TD Private Client Wealth LLC's holdings in Builders FirstSource were worth $696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its stake in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares during the last quarter. Invesco Ltd. raised its holdings in Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock worth $322,105,000 after acquiring an additional 26,314 shares during the period. Dimensional Fund Advisors LP raised its holdings in Builders FirstSource by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock worth $319,898,000 after acquiring an additional 77,666 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after acquiring an additional 623,583 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Builders FirstSource by 8.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company's stock worth $225,637,000 after acquiring an additional 120,400 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

NYSE BLDR traded down $1.53 on Friday, reaching $133.59. The company's stock had a trading volume of 683,300 shares, compared to its average volume of 1,929,969. The firm has a market cap of $14.76 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 8.47 and a beta of 1.69. The business has a 50-day moving average price of $115.34 and a 200 day moving average price of $130.79. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 earnings per share. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BLDR shares. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price on the stock. BMO Capital Markets dropped their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a report on Thursday, May 15th. Finally, Raymond James Financial restated an "outperform" rating and set a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $159.42.

Insider Activity

In other news, Director Paul S. Levy acquired 283,517 shares of the firm's stock in a transaction on 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 purchase, the director owned 1,672,687 shares of the company's stock, valued at $186,019,521.27. This represents a 20.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dirkson R. Charles acquired 5,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company's stock, valued at approximately $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 505,000 shares of company stock worth $56,032,120 over the last ninety days. Insiders own 2.00% of the company's stock.

About Builders FirstSource

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.