Envestnet Asset Management Inc. Boosts Holdings in Builders FirstSource, Inc. $BLDR

Envestnet Asset Management Inc. lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 188.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 912,144 shares of the company’s stock after acquiring an additional 596,409 shares during the period. Envestnet Asset Management Inc.’s holdings in Builders FirstSource were worth $110,597,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BLDR. Daiwa Securities Group Inc. increased its position in Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares during the last quarter. VestGen Advisors LLC grew its stake in shares of Builders FirstSource by 4.6% during the 2nd quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after buying an additional 86 shares during the period. Stephens Inc. AR increased its holdings in shares of Builders FirstSource by 3.1% during the 2nd quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after buying an additional 90 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in shares of Builders FirstSource by 0.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock worth $1,967,000 after buying an additional 131 shares during the period. Finally, CX Institutional raised its position in shares of Builders FirstSource by 15.8% in the 3rd quarter. CX Institutional now owns 958 shares of the company’s stock worth $116,000 after buying an additional 131 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR stock opened at $124.39 on Friday. The firm has a market cap of $13.76 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 15.57 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $159.17. The stock has a 50-day simple moving average of $113.11 and a 200-day simple moving average of $121.14.

Analyst Ratings Changes

A number of research firms have issued reports on BLDR. Robert W. Baird set a $135.00 price target on Builders FirstSource in a research report on Friday, October 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $111.00 price objective on shares of Builders FirstSource in a research note on Friday, January 9th. Benchmark boosted their target price on Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Stephens restated an “equal weight” rating and issued a $137.00 price target on shares of Builders FirstSource in a report on Tuesday, January 20th. Finally, Loop Capital reduced their price target on shares of Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average target price of $133.77.

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.