Truist Financial Corp Has $1.98 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Truist Financial Corp boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,876 shares of the company’s stock after buying an additional 1,112 shares during the quarter. Truist Financial Corp’s holdings in Builders FirstSource were worth $1,983,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BLDR. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource in the third quarter valued at about $2,099,877,000. FMR LLC raised its position in Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. bought a new position in Builders FirstSource in the third quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource in the third quarter valued at about $255,867,000. Finally, Loomis Sayles & Co. L P raised its position in Builders FirstSource by 256,479.8% in the third quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after purchasing an additional 661,718 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 1.0 %

Shares of BLDR stock opened at $142.20 on Thursday. The company has a market cap of $16.16 billion, a P/E ratio of 15.70, a PEG ratio of 0.80 and a beta of 2.12. The stock has a 50 day simple moving average of $153.19 and a two-hundred day simple moving average of $170.35. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on BLDR. Stifel Nicolaus dropped their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research report on Monday. DA Davidson increased their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

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.