Envestnet Asset Management Inc. Acquires 54,018 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Envestnet Asset Management Inc. boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,900 shares of the company's stock after purchasing an additional 54,018 shares during the period. Envestnet Asset Management Inc. owned about 0.21% of Builders FirstSource worth $34,146,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource during the 4th quarter worth $34,000. Avion Wealth increased its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after acquiring an additional 306 shares during the last quarter. Mather Group LLC. raised its stake in Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after acquiring an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

BLDR has been the topic of several research reports. Benchmark lowered their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada dropped their target price on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Barclays reduced their price target on Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wedbush restated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.84.

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Builders FirstSource Stock Down 1.0 %

BLDR stock traded down $1.15 on Tuesday, reaching $118.36. 1,511,715 shares of the company traded hands, compared to its average volume of 1,681,636. The firm has a fifty day simple moving average of $132.95 and a 200-day simple moving average of $158.08. The company has a market cap of $13.46 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a one year low of $110.84 and a one year high of $203.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.