Builders FirstSource, Inc. $BLDR Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 71.9% during the second quarter, HoldingsChannel.com reports. The firm owned 40,204 shares of the company’s stock after selling 103,064 shares during the period. TD Asset Management Inc’s holdings in Builders FirstSource were worth $4,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP grew its stake in shares of Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock worth $401,948,000 after purchasing an additional 960,603 shares during the period. Invesco Ltd. boosted its position in shares of Builders FirstSource by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock worth $314,781,000 after buying an additional 265,873 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock worth $283,659,000 after buying an additional 326,923 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock worth $280,387,000 after buying an additional 6,453 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after buying an additional 423,891 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 0.1%

BLDR opened at $122.44 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $194.79. The firm has a 50 day moving average price of $132.57 and a 200 day moving average price of $124.07. The company has a market cap of $13.53 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 13.72 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $3.50 earnings per share. Builders FirstSource’s revenue for the quarter was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on BLDR shares. Baird R W lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Barclays decreased their price objective on shares of Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, August 1st. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. KeyCorp set a $145.00 target price on shares of Builders FirstSource in a report on Wednesday, October 1st. Finally, Wedbush restated a “neutral” rating and issued a $145.00 target price on shares of Builders FirstSource in a report on Monday, September 15th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $145.19.

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.