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

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

Several other large investors have also recently made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new stake in Builders FirstSource during the fourth quarter valued at about $28,000. Rock Creek Group LP bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $30,000. Raleigh Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 134.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after buying an additional 142 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $31,000. Finally, PSI Advisors LLC raised its stake in shares of Builders FirstSource by 57.1% during the 3rd quarter. PSI Advisors LLC now owns 275 shares of the company’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BLDR. Truist Financial boosted their target price on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Wedbush boosted their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Bank of America upgraded shares of Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Oppenheimer upped their target price on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Barclays raised their target price on Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.93.

Insiders Place Their Bets

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $179.39 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.13 and a beta of 2.04. The firm’s 50 day simple moving average is $195.53 and its 200-day simple moving average is $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 released its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Analysts expect that Builders FirstSource, Inc. will post 13.84 EPS for the current 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.