Truvestments Capital LLC Buys 1,366 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Truvestments Capital LLC lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 22.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,567 shares of the company’s stock after purchasing an additional 1,366 shares during the period. Truvestments Capital LLC’s holdings in Builders FirstSource were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Builders FirstSource in the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource during the fourth quarter worth about $33,000. Brown Brothers Harriman & Co. bought a new position in Builders FirstSource during the third quarter worth about $46,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource during the fourth quarter worth about $34,000. Finally, Avion Wealth lifted its holdings in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $130.35 on Wednesday. Builders FirstSource, Inc. has a 12 month low of $127.45 and a 12 month high of $214.70. The stock’s 50 day moving average is $151.23 and its 200-day moving average is $168.86. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BLDR shares. The Goldman Sachs Group reduced their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Barclays cut their price target on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. BMO Capital Markets cut their price target on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Finally, Benchmark cut their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

About Builders FirstSource

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.