Toronto Dominion Bank Has $7.70 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Toronto Dominion Bank decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 33.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,728 shares of the company's stock after selling 19,795 shares during the period. Toronto Dominion Bank's holdings in Builders FirstSource were worth $7,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BLDR. Coldstream Capital Management Inc. increased its position in Builders FirstSource by 5.5% during the third quarter. Coldstream Capital Management Inc. now owns 5,967 shares of the company's stock worth $1,150,000 after buying an additional 311 shares during the last quarter. Brophy Wealth Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter valued at $894,000. M&T Bank Corp boosted its position in Builders FirstSource by 17.2% during the third quarter. M&T Bank Corp now owns 7,043 shares of the company's stock worth $1,366,000 after purchasing an additional 1,032 shares during the period. Continuum Advisory LLC increased its holdings in shares of Builders FirstSource by 32.8% in the third quarter. Continuum Advisory LLC now owns 2,220 shares of the company's stock valued at $402,000 after purchasing an additional 548 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Builders FirstSource by 4.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 55,279 shares of the company's stock worth $10,716,000 after buying an additional 2,354 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Down 2.5 %

NYSE BLDR traded down $4.25 during trading hours on Friday, reaching $166.43. The company's stock had a trading volume of 1,407,009 shares, compared to its average volume of 1,530,210. The firm has a fifty day simple moving average of $181.69 and a 200-day simple moving average of $169.13. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The stock has a market cap of $19.15 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.24 earnings per share. Equities analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. DA Davidson raised their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Loop Capital increased their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Jefferies Financial Group raised their price objective on Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Wedbush reissued an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus target price of $210.00.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

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.