Envestnet Portfolio Solutions Inc. Sells 496 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,673 shares of the company’s stock after selling 496 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Builders FirstSource were worth $525,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter valued at about $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource during the third quarter worth about $46,000. Finally, Avion Wealth grew its holdings in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research reports. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Wedbush restated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Loop Capital lowered their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Truist Financial reduced their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Raymond James restated an “outperform” rating and issued a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Stock Performance

NYSE BLDR opened at $130.72 on Wednesday. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $211.85. The firm has a 50-day moving average of $147.67 and a 200-day moving average of $165.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market cap of $14.85 billion, a PE ratio of 14.43, a P/E/G ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS 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.