Assetmark Inc. Sells 236,041 Shares of Builders FirstSource, Inc. $BLDR

Assetmark Inc. lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 26.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667,387 shares of the company’s stock after selling 236,041 shares during the period. Assetmark Inc.’s holdings in Builders FirstSource were worth $80,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $34,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth $38,000. MUFG Securities EMEA plc bought a new position in Builders FirstSource during the second quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Builders FirstSource in the third quarter valued at $44,000. Finally, Root Financial Partners LLC bought a new stake in Builders FirstSource during the third quarter valued at $47,000. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BLDR shares. Benchmark increased their price target on Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Jefferies Financial Group raised their target price on Builders FirstSource from $110.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Vertical Research began coverage on Builders FirstSource in a research note on Monday, October 20th. They issued a “sell” rating and a $109.41 price target on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $111.00 price target on shares of Builders FirstSource in a report on Friday, January 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $134.02.

Builders FirstSource Stock Down 5.0%

Builders FirstSource stock opened at $120.59 on Friday. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 15.89 and a beta of 1.56. The firm’s fifty day moving average price is $114.09 and its two-hundred day moving average price is $120.96. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $157.96. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03.

About Builders FirstSource

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.