Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 150.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,306 shares of the company’s stock after acquiring an additional 25,425 shares during the quarter. TD Asset Management Inc’s holdings in Builders FirstSource were worth $7,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Builders FirstSource by 0.8% during the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after acquiring an additional 96,638 shares during the period. Invesco Ltd. increased its stake in shares of Builders FirstSource by 80.8% in the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after purchasing an additional 874,268 shares during the period. AQR Capital Management LLC increased its stake in shares of Builders FirstSource by 19.5% in the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after purchasing an additional 256,609 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Builders FirstSource by 11.2% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock valued at $236,489,000 after purchasing an additional 143,041 shares during the period. Finally, Boston Partners increased its stake in shares of Builders FirstSource by 73.5% in the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after purchasing an additional 578,961 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,752 shares of company stock worth $3,879,207. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Down 3.7 %

Shares of NYSE:BLDR opened at $146.52 on Wednesday. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.44 and a beta of 2.08. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The company has a 50 day moving average price of $181.79 and a 200 day moving average price of $175.38.

Builders FirstSource (NYSE:BLDRGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $2.96 earnings per share. On average, research analysts anticipate that Builders FirstSource, Inc. will post 13.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BLDR shares. Robert W. Baird dropped their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Jefferies Financial Group raised their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Truist Financial dropped their price target on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Oppenheimer increased their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Barclays decreased their price objective on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.27.

Read Our Latest Analysis on Builders FirstSource

About Builders FirstSource

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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