Assetmark Inc. Sells 572,885 Shares of Builders FirstSource, Inc. $BLDR

Assetmark Inc. lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 96.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 20,319 shares of the company’s stock after selling 572,885 shares during the quarter. Assetmark Inc.’s holdings in Builders FirstSource were worth $1,673,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BLDR. Caitong International Asset Management Co. Ltd boosted its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares during the period. Cromwell Holdings LLC raised its holdings in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource in the second quarter worth approximately $38,000. MUFG Securities EMEA plc bought a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $72.89 on Friday. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.68 and a beta of 1.42. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $77.11 and a 200 day moving average of $91.34.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The company’s revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.51 earnings per share. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 4.29 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BLDR shares. Oppenheimer cut their price objective on Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group decreased their target price on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, May 4th. DA Davidson set a $100.00 price target on shares of Builders FirstSource in a report on Thursday. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Finally, Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $100.35.

Builders FirstSource Company 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.