Assetmark Inc. Sells 74,183 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Assetmark Inc. cut its position in Builders FirstSource by 11.1%, selling 74,183 shares in Q4 and now holds 593,204 shares (~0.54% of the company) worth about $61.0 million.
• Insider buying: Director Paul S. Levy bought 50,000 shares at $87.73 on March 13, increasing his stake to 1,727,191 shares (insiders own 2.70%).
• Earnings miss and analyst stance: BLDR reported Q EPS of $1.12 vs. $1.30 expected and revenue of $3.36B vs. $3.46B, and analysts have a consensus "Hold" with an average target of $121.39.

Assetmark Inc. lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 593,204 shares of the company's stock after selling 74,183 shares during the quarter. Assetmark Inc. owned approximately 0.54% of Builders FirstSource worth $61,035,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Financial Enhancement Group LLC grew its stake in Builders FirstSource by 4.0% during the fourth quarter. Financial Enhancement Group LLC now owns 5,431 shares of the company's stock worth $559,000 after buying an additional 208 shares during the last quarter. Westbourne Investment Advisors Inc. bought a new stake in Builders FirstSource during the 4th quarter worth approximately $5,161,000. Guyasuta Investment Advisors Inc. acquired a new stake in Builders FirstSource during the 4th quarter valued at $321,000. Choreo LLC bought a new position in Builders FirstSource in the 4th quarter valued at $206,000. Finally, V Square Quantitative Management LLC acquired a new position in Builders FirstSource in the fourth quarter worth $258,000. 95.53% of the stock is owned by institutional investors.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the purchase, the director owned 1,727,191 shares in the company, valued at $151,526,466.43. The trade was a 2.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company's stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $87.80 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a 1-year low of $76.50 and a 1-year high of $151.03. The stock has a market capitalization of $9.71 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.18 and a beta of 1.63. The business has a 50-day moving average price of $96.99 and a two-hundred day moving average price of $107.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the business posted $2.31 EPS. The firm's revenue for the quarter was down 12.1% compared to the same quarter last year. Equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BLDR shares. Royal Bank Of Canada raised Builders FirstSource from a "sector perform" rating to an "outperform" rating and set a $119.00 price target for the company in a report on Thursday, March 5th. DA Davidson decreased their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a "neutral" rating on the stock in a report on Monday, February 2nd. BMO Capital Markets dropped their target price on shares of Builders FirstSource from $123.00 to $120.00 and set a "market perform" rating for the company in a research note on Friday, February 20th. Barclays reduced their target price on shares of Builders FirstSource from $124.00 to $114.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. Finally, Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $115.00 to $93.00 and set a "hold" rating on the stock in a research note on Monday, March 16th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of "Hold" and an average target price of $121.39.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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