Assetmark Inc. Has $80.92 Million Holdings in Builders FirstSource, Inc. $BLDR

Assetmark Inc. trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 26.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 667,387 shares of the company’s stock after selling 236,041 shares during the period. Assetmark Inc. owned about 0.60% of Builders FirstSource worth $80,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC raised its stake in Builders FirstSource by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after acquiring an additional 295 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Builders FirstSource by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares during the last quarter. Callan Family Office LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $406,000. IFP Advisors Inc increased its position in shares of Builders FirstSource by 21.7% during the 2nd quarter. IFP Advisors Inc now owns 2,580 shares of the company’s stock worth $318,000 after purchasing an additional 460 shares in the last quarter. Finally, Aberdeen Group plc lifted its holdings in Builders FirstSource by 6.0% during the 2nd quarter. Aberdeen Group plc now owns 84,235 shares of the company’s stock valued at $9,829,000 after purchasing an additional 4,780 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 5.0%

NYSE BLDR opened at $120.59 on Friday. The business has a fifty day moving average price of $114.09 and a two-hundred day moving average price of $120.96. The stock has a market capitalization of $13.33 billion, a PE ratio of 22.97, a PEG ratio of 15.89 and a beta of 1.56. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $157.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15.

Analyst Ratings Changes

BLDR has been the topic of several research analyst reports. Robert W. Baird set a $135.00 price objective on shares of Builders FirstSource in a research note on Friday, October 31st. Vertical Research assumed coverage on Builders FirstSource in a report on Monday, October 20th. They issued a “sell” rating and a $109.41 target price on the stock. Jefferies Financial Group increased their price target on Builders FirstSource from $110.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $111.00 price target on shares of Builders FirstSource in a report on Friday, January 9th. Finally, BMO Capital Markets reduced their price objective on Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $134.02.

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.