Builders FirstSource, Inc. $BLDR Position Reduced by Assetmark Inc.

Assetmark Inc. trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 0.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 903,428 shares of the company’s stock after selling 6,479 shares during the quarter. Assetmark Inc. owned 0.82% of Builders FirstSource worth $105,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Wincap Financial LLC lifted its position in shares of Builders FirstSource by 12.9% in the second quarter. Wincap Financial LLC now owns 10,515 shares of the company’s stock worth $1,227,000 after purchasing an additional 1,205 shares in the last quarter. AustralianSuper Pty Ltd increased its holdings in Builders FirstSource by 37.9% in the second quarter. AustralianSuper Pty Ltd now owns 420,477 shares of the company’s stock worth $49,065,000 after buying an additional 115,505 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Builders FirstSource by 2.7% in the second quarter. Teacher Retirement System of Texas now owns 17,292 shares of the company’s stock worth $2,018,000 after buying an additional 454 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Builders FirstSource in the second quarter worth approximately $2,480,000. Finally, Envestnet Asset Management Inc. increased its holdings in Builders FirstSource by 2.7% in the second quarter. Envestnet Asset Management Inc. now owns 315,735 shares of the company’s stock worth $36,842,000 after buying an additional 8,386 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 3.4%

Shares of BLDR stock opened at $115.30 on Thursday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $194.36. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $130.36 and its two-hundred day moving average is $124.19. The company has a market cap of $12.75 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 13.36 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company posted $3.50 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BLDR shares. Stifel Nicolaus increased their price objective on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, August 1st. Zelman & Associates restated an “underperform” rating on shares of Builders FirstSource in a report on Friday, July 18th. Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Royal Bank Of Canada downgraded Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Finally, Robert W. Baird downgraded Builders FirstSource from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $145.00 to $130.00 in a report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $145.19.

About Builders FirstSource

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.