Toronto Dominion Bank Has $6.42 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Toronto Dominion Bank raised its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 44,898 shares of the company's stock after purchasing an additional 5,170 shares during the period. Toronto Dominion Bank's holdings in Builders FirstSource were worth $6,417,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLDR. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource in the 4th quarter worth approximately $34,000. Avion Wealth lifted its position in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares during the period. Mather Group LLC. lifted its position in shares of Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after purchasing an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $108.54 on Thursday. Builders FirstSource, Inc. has a 1 year low of $103.81 and a 1 year high of $203.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.80 and a beta of 1.79. The company has a fifty day moving average price of $119.89 and a 200-day moving average price of $145.35.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share 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 analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.65 earnings per share. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BLDR. Barclays dropped their price target on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a research report on Thursday, May 15th. Truist Financial dropped their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Stephens dropped their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Raymond James reiterated an "outperform" rating and set a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.58.

Builders FirstSource 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.

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