TD Private Client Wealth LLC Sells 1,372 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

TD Private Client Wealth LLC lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,599 shares of the company’s stock after selling 1,372 shares during the period. TD Private Client Wealth LLC’s holdings in Builders FirstSource were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of Builders FirstSource by 69.5% in the third quarter. PNC Financial Services Group Inc. now owns 9,437 shares of the company’s stock worth $1,829,000 after purchasing an additional 3,870 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Builders FirstSource by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company’s stock worth $152,343,000 after buying an additional 16,000 shares during the last quarter. Raymond James Trust N.A. bought a new position in Builders FirstSource during the 3rd quarter valued at about $460,000. Citigroup Inc. boosted its holdings in shares of Builders FirstSource by 2.0% during the 3rd quarter. Citigroup Inc. now owns 157,199 shares of the company’s stock valued at $30,475,000 after acquiring an additional 3,022 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Builders FirstSource by 20.6% in the third quarter. Swedbank AB now owns 45,465 shares of the company’s stock worth $8,814,000 after acquiring an additional 7,774 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on BLDR. Royal Bank of Canada lowered their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Truist Financial dropped their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Benchmark lowered their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five investment 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Stock Up 4.1 %

Shares of BLDR opened at $131.69 on Tuesday. The business’s 50 day moving average is $148.14 and its 200 day moving average is $165.68. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $212.24. The company has a market capitalization of $14.96 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.