Hsbc Holdings PLC Grows Position in Builders FirstSource, Inc. $BLDR

Hsbc Holdings PLC grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 21.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,330 shares of the company’s stock after purchasing an additional 45,967 shares during the period. Hsbc Holdings PLC owned approximately 0.24% of Builders FirstSource worth $26,978,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in Builders FirstSource by 2.3% in the fourth quarter. State Street Corp now owns 5,108,120 shares of the company’s stock valued at $525,574,000 after buying an additional 115,857 shares during the period. Capital International Investors acquired a new stake in shares of Builders FirstSource in the third quarter worth $429,640,000. Wellington Management Group LLP raised its stake in shares of Builders FirstSource by 2.3% in the 4th quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after acquiring an additional 73,835 shares during the period. Geode Capital Management LLC raised its stake in shares of Builders FirstSource by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after acquiring an additional 14,420 shares during the period. Finally, Sands Capital Management LLC lifted its holdings in shares of Builders FirstSource by 13.5% during the 4th quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock valued at $283,767,000 after acquiring an additional 327,067 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BLDR shares. Bank of America decreased their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Stephens cut their price objective on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. DA Davidson reduced their price objective on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. BMO Capital Markets decreased their target price on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating for the company in a research report on Monday, May 4th. Finally, UBS Group lowered their target price on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.88.

Builders FirstSource Stock Up 11.2%

Shares of Builders FirstSource stock opened at $85.31 on Thursday. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The company has a market capitalization of $9.18 billion, a PE ratio of 32.69, a P/E/G ratio of 1.84 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The business has a 50-day moving average of $78.75 and a 200-day moving average of $95.32.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company posted $1.51 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its board has initiated a stock repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Builders FirstSource 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.