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% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,567 shares of the company’s stock after purchasing an additional 1,366 shares during the quarter. Truvestments Capital LLC’s holdings in Builders FirstSource were worth $1,082,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in BLDR. Principal Financial Group Inc. boosted its stake in shares of Builders FirstSource by 38.5% in the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after buying an additional 56,009 shares during the period. Sigma Planning Corp bought a new stake in shares of Builders FirstSource in the third quarter valued at approximately $278,000. Nations Financial Group Inc. IA ADV bought a new stake in Builders FirstSource during the third quarter worth $441,000. Apollon Wealth Management LLC bought a new stake in Builders FirstSource during the third quarter worth $258,000. Finally, Baillie Gifford & Co. bought a new stake in Builders FirstSource during the third quarter worth $267,132,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

NYSE BLDR opened at $130.35 on Wednesday. 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, Inc. has a twelve month low of $127.45 and a twelve month high of $214.70. The stock has a fifty day simple moving average of $151.23 and a 200 day simple moving average of $168.86. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last issued its quarterly 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. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BLDR shares. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stifel Nicolaus cut their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. BMO Capital Markets cut their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Benchmark cut their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company 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.