Sentry Investment Management LLC Takes $111,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Sentry Investment Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 667 shares of the company’s stock, valued at approximately $111,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Alliancebernstein L.P. lifted its stake in Builders FirstSource by 182.0% in the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock valued at $313,486,000 after purchasing an additional 1,487,620 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Builders FirstSource by 14.8% during the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after acquiring an additional 1,455,580 shares during the period. Norges Bank purchased a new stake in Builders FirstSource in the 4th quarter worth about $91,288,000. Invesco Ltd. raised its position in shares of Builders FirstSource by 80.8% in the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after purchasing an additional 874,268 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Builders FirstSource by 1,106.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company’s stock valued at $5,183,000 after buying an additional 774,515 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on BLDR shares. Truist Financial lifted their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Royal Bank of Canada increased their price objective on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and raised their target price for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Finally, DA Davidson reiterated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.93.

Insider Buying and Selling

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Builders FirstSource Trading Down 1.5 %

Shares of BLDR stock opened at $179.39 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The firm has a market cap of $21.87 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.13 and a beta of 2.04. The business has a 50-day moving average price of $195.53 and a two-hundred day moving average price of $162.25. Builders FirstSource, Inc. has a 12-month low of $90.10 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. Equities analysts anticipate that Builders FirstSource, Inc. will post 13.84 EPS for the current fiscal year.

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.