Truist Financial Corp Acquires 1,922 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Truist Financial Corp grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,548 shares of the company’s stock after purchasing an additional 1,922 shares during the period. Truist Financial Corp’s holdings in Builders FirstSource were worth $3,096,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kovack Advisors Inc. raised its holdings in shares of Builders FirstSource by 59.6% in the 4th quarter. Kovack Advisors Inc. now owns 4,236 shares of the company’s stock worth $707,000 after purchasing an additional 1,582 shares during the period. Cumberland Partners Ltd purchased a new stake in shares of Builders FirstSource in the fourth quarter worth $835,000. GAMMA Investing LLC bought a new stake in shares of Builders FirstSource during the 4th quarter valued at about $158,000. Larson Financial Group LLC grew its stake in Builders FirstSource by 77.4% in the 4th quarter. Larson Financial Group LLC now owns 871 shares of the company’s stock worth $145,000 after buying an additional 380 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Builders FirstSource by 21.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 67,242 shares of the company’s stock worth $11,225,000 after buying an additional 11,695 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’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 sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on BLDR. DA Davidson reiterated a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th. Truist Financial increased their price target on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Wedbush reiterated an “outperform” rating and set a $215.00 target price (down from $225.00) on shares of Builders FirstSource in a report on Tuesday. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their target price for the company from $153.00 to $200.00 in a research note on Monday, January 29th. Finally, StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus price target of $199.79.

Builders FirstSource Trading Down 18.9 %

Shares of NYSE:BLDR opened at $162.85 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $19.86 billion, a PE ratio of 13.58, a P/E/G ratio of 1.22 and a beta of 2.08. The business’s fifty day simple moving average is $195.08 and its 200-day simple moving average is $169.16. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal year.

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.