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The Toronto Dominion Bank has acquired a stake in Builders FirstSource, Inc. (NYSE:BLDR)

The Toronto Dominion Bank has acquired a stake in Builders FirstSource, Inc. (NYSE:BLDR)

The most recent 13F filing that Toronto Dominion Bank submitted to the Securities and Exchange Commission (SEC) revealed that during the third quarter of this year, the company increased its investment in Builders FirstSource, INC (NYSE: BLDR).

The investment fund purchased 2,505 shares of the company’s stock at approximately $14,728,000.

After the most recent financial quarter, the portfolio of Toronto Dominion Bank included approximately 0.16% of Builders FirstSource shares.

Several well-known investors have recently made modifications to the number of shares of the company’s stock they own.

During the first quarter, adding a new position at Builders FirstSource resulted in an expense to Fairfield Bush & Company of approximately 64,000 dollars.

PNC Financial Services Group INC increased the percentage of ownership it held in Builders FirstSource by 37.0% over the first three months of 2018. Following the acquisition of an additional 2,249 shares during the period in question, PNC Financial Services Group INC now possesses a total of 8,329 shares of the company’s stock, collectively valued at $537,000 as of the present moment. Over the first three months of the year, the Great West Life Assurance Company of Canada increased the percentage of Builders FirstSource stock owned by 7.9%. Great West Life Assurance Co now has 105,236 shares of the company’s stock in its portfolio.

These shares are valued at $6,989,000 and were acquired by the company during the most recent quarter by purchasing an additional 7,745 shares.

LSV Asset Management acquired an additional 4.9% of the available shares in Builders FirstSource during the first three months of the year.

After purchasing an additional 6,700 shares during the most recent period, LSV Asset Management now has 143,900 shares of the company’s stock.

The current value of all of these shares is $9,287,000.
Last but not least, during the first three months of this year, Cibc World Market INC increased its holdings in Builders FirstSource by 106.0%.

This certainly should not be considered the least important development. Cibc World Market INC has increased the value of its holdings by $538,000 thanks to the purchase of 4,290 additional shares of the company’s stock since the beginning of this quarter.

Institutional investors and hedge funds collectively hold a stake in the company equal to 94.71% of the total number of shares outstanding.
The opening price for trading on the NYSE BLDR on Thursday was $81.70. Over the previous 250 trading days, the prices of a share of the company’s stock have averaged out to be $63.70 and $69.78, respectively, according to a moving average.

The company has a price-to-earnings ratio of 5.00, a beta value of 2.01, and a market capitalization of $12.02 billion.

The financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, total 1.16.

The ratio in question currently stands at 1.93.

Throughout the company’s existence, Builders FirstSource, INC experienced a 52-week low of $48.91 and a 52-week high of $85.40 in the stock price of its shares.

On November 8th, shareholders of Builders FirstSource (NYSE: BLDR) were given access to the company’s most recent quarterly earnings report.

The company announced that its earnings per share for the quarter came in at $5.20, which is $1.67 higher than the average estimate of $3.53 that analysts in the industry provided.

The revenue for the quarter was $5.76 billion, which is a sizeable increase compared to the average expectation of $5.22 billion for the quarter’s revenue.

The return on equity for Builders FirstSource was calculated to be 61.49%, while the company’s profit margin was calculated to be 12.20%.

The majority opinion held by financial industry professionals is that Builders FirstSource, INC will generate earnings of 17.84 cents per share during the current fiscal year.

Several equity researchers at specialized financial institutions have recently written and distributed reports on the BLDR stock.

Deutsche Bank Aktiengesellschaft shifted their rating of Builders FirstSource from “hold” to “buy” and increased their price objective on the company from $72.00 to $90.00 in a research note that was published on January 10th.

B. Riley raised their price objective on Builders FirstSource stock from $59.00 to $70.00 and upgraded the stock from a “neutral” rating to an “overweight” rating in a research note published on Monday.

In a research note distributed on November 9th, BMO Capital Markets lowered their “outperform” rating on Builders FirstSource shares from $85.00 to $80.00.

They also lowered their price objective on the company from $85.00 to $80.00.

A “buy” recommendation for Builders FirstSource was downgraded by Zelman & Associates to a “hold” rating in a research report published on December 21st.

Initially, the report suggested that individuals “buy” the stock as an investment option. Wedbush decreased their target price on Builders FirstSource from $110.00 to $80.00 in a research note published on November 9th.

The final and most significant adjustment was made here. Nine analysts have assigned a buy rating to the company, while only six have assigned a hold rating to the stock.

Data obtained from indicates that the current recommendation for Builders FirstSource is a “Moderate Buy” and that the price objective for the company is set at an average of $78.75 per share.

Builders FirstSource, INC caters to the needs of professional homebuilders, subcontractors, remodelers, and consumers by providing them with a wide variety of building supplies, manufactured parts, and construction services.

Additionally, the company offers services in the construction industry.

Products such as engineered wood, wall panels, vinyl windows, custom millwork and trim, and prefabricated roof and floor trusses are among the goods the company offers.


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