TD Private Client Wealth LLC Sells 5,219 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• TD Private Client Wealth LLC reduced its stake in Builders FirstSource by 93.6% during the second quarter, leaving it with only 354 shares valued at $41,000.
• Institutional investors now hold a significant 95.53% of Builders FirstSource's stock, with notable recent increases from firms like Wellington Management Group and Kovitz Investment Group.
• Builders FirstSource reported an EPS of $2.38 for the last quarter, slightly exceeding analyst expectations, but saw a 5% decline in year-over-year revenue.

TD Private Client Wealth LLC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 93.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 354 shares of the company's stock after selling 5,219 shares during the period. TD Private Client Wealth LLC's holdings in Builders FirstSource were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. Brave Warrior Advisors LLC bought a new position in Builders FirstSource in the first quarter valued at about $155,123,000. Wellington Management Group LLP grew its position in Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after acquiring an additional 960,603 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Builders FirstSource by 957.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock valued at $66,091,000 after acquiring an additional 478,942 shares during the last quarter. Voya Investment Management LLC grew its position in Builders FirstSource by 29.9% in the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company's stock valued at $229,809,000 after acquiring an additional 423,891 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after acquiring an additional 326,923 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $119.53 on Tuesday. The business's 50 day simple moving average is $134.40 and its 200 day simple moving average is $124.26. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $201.53. The stock has a market capitalization of $13.21 billion, a PE ratio of 18.14, a PEG ratio of 12.52 and a beta of 1.61. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The firm's revenue was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analysts Set New Price Targets

BLDR has been the topic of a number of recent analyst reports. Wedbush reiterated a "neutral" rating and issued a $145.00 target price on shares of Builders FirstSource in a research report on Monday, September 15th. Wall Street Zen upgraded Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. DA Davidson reduced their price target on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Finally, Royal Bank Of Canada cut Builders FirstSource from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource has an average rating of "Hold" and a consensus target price of $151.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.