Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,898 shares of the company's stock after purchasing an additional 5,170 shares during the quarter. Toronto Dominion Bank's holdings in Builders FirstSource were worth $6,417,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource during the fourth quarter valued at about $34,000. Avion Wealth grew its holdings in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. Mather Group LLC. grew its holdings in Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after purchasing an additional 237 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, May 5th. BMO Capital Markets decreased their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Raymond James reiterated 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. Barclays cut their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday, May 15th. Six investment 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's stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $167.58.

Insider Activity at Builders FirstSource

In related news, Director Dirkson R. Charles acquired 5,000 shares of the business's 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 transaction, the director now owns 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul S. Levy bought 283,517 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the purchase, the director now owns 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 505,000 shares of company stock valued at $56,032,120 in the last ninety days. Company insiders own 2.00% of the company's stock.

Builders FirstSource Trading Down 1.2%

NYSE BLDR traded down $1.33 during trading hours on Friday, hitting $107.60. 2,395,245 shares of the company were exchanged, compared to its average volume of 1,674,957. The stock has a 50-day moving average price of $117.07 and a 200 day moving average price of $141.72. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 52 week low of $103.81 and a 52 week high of $203.14. The stock has a market cap of $11.89 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Builders FirstSource's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.65 earnings per share. Analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a stock 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 usually a sign that the company's board believes its shares are undervalued.

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.