- Builders FirstSource, Inc (NYSE:BLDR) has acquired California TrusFrame, LLC (CTF), an independent producer of value-added building products in California, for $179.5 million.
- CTF is a designer and manufacturer of prefabricated structural building components, including roof trusses, floor trusses, and wall panels.
- CTF’s President and CEO Shawn Overholtzer will be joining Builders FirstSource along with the rest of its employees upon closing,
- CTF reported trailing twelve months sales of ~$143 million as of July 31, 2021.
- Builders FirstSource held cash and cash equivalents of $90.27 million as of June 30, 2021.
- Price Action: BLDR shares are trading higher by 1.51% at $54.42 on the last check Thursday.
Keefe, Bruyette & Woods Downgrades Citizens Financial Group to Market Perform, Announces $54 Price Target
Keefe, Bruyette & Woods analyst David Konrad downgrades Citizens Financial Group (NYSE:CFG) from Outperform to Market Perform and announces $54 price target.
