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

Truist Financial Corp increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BLDR. Private Trust Co. NA raised its holdings in Builders FirstSource by 30.7% during the fourth quarter. Private Trust Co. NA now owns 345 shares of the company’s stock valued at $58,000 after acquiring an additional 81 shares during the period. V Square Quantitative Management LLC lifted its holdings in Builders FirstSource by 10.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 915 shares of the company’s stock worth $114,000 after purchasing an additional 85 shares in the last quarter. Mezzasalma Advisors LLC grew its holdings in Builders FirstSource by 0.6% during the 3rd quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock valued at $1,832,000 after buying an additional 90 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of Builders FirstSource by 2.9% during the third quarter. iA Global Asset Management Inc. now owns 3,391 shares of the company’s stock valued at $422,000 after buying an additional 97 shares during the last quarter. Finally, Financial Enhancement Group LLC lifted its holdings in shares of Builders FirstSource by 2.5% in the fourth quarter. Financial Enhancement Group LLC now owns 4,101 shares of the company’s stock worth $675,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock 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. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The stock has a market cap 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 company has a 50-day moving average price of $195.08 and a 200 day moving average price of $169.16.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. Equities research analysts anticipate that Builders FirstSource, Inc. will post 13.83 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction on Tuesday, March 12th. The stock was 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 directly owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BLDR has been the topic of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $215.00 price target (down from $225.00) on shares of Builders FirstSource in a report on Tuesday. Truist Financial lifted their target price on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Barclays increased their price target on Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, DA Davidson reissued a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.79.

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.