Assetmark Inc. Has $258.63 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Assetmark Inc. decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,549,227 shares of the company's stock after selling 147,681 shares during the period. Builders FirstSource comprises 0.9% of Assetmark Inc.'s portfolio, making the stock its 22nd biggest position. Assetmark Inc. owned about 1.26% of Builders FirstSource worth $258,628,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $212,209,000. Invesco Ltd. raised its holdings in shares of Builders FirstSource by 80.8% during the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company's stock worth $243,516,000 after acquiring an additional 874,268 shares during the period. Boston Partners raised its holdings in shares of Builders FirstSource by 73.5% during the fourth quarter. Boston Partners now owns 1,366,784 shares of the company's stock worth $227,464,000 after acquiring an additional 578,961 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Builders FirstSource by 30,560.2% during the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company's stock worth $69,506,000 after acquiring an additional 556,501 shares during the period. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Builders FirstSource by 678.1% during the third quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company's stock worth $61,382,000 after acquiring an additional 429,699 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BLDR. Oppenheimer lifted their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. DA Davidson reiterated a "neutral" rating and issued a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th. Bank of America upgraded shares of Builders FirstSource from a "neutral" rating to a "buy" rating and lifted their price target for the company from $153.00 to $200.00 in a research note on Monday, January 29th. Barclays lowered their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 8th. Finally, Truist Financial lowered their price target on shares of Builders FirstSource from $190.00 to $180.00 and set a "hold" rating on the stock in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $196.27.

Builders FirstSource Stock Performance

NYSE BLDR traded up $2.14 during trading on Monday, reaching $169.19. The company's stock had a trading volume of 1,778,760 shares, compared to its average volume of 1,428,737. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $20.65 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.49 and a beta of 2.08. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The firm has a 50 day moving average price of $190.07 and a 200 day moving average price of $172.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.42 by $0.23. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.96 EPS. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 13.12 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were 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 owns 28,738 shares of the company's stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company's stock.

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.

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