Hsbc Holdings PLC Boosts Stock Holdings in Builders FirstSource, Inc. $BLDR

Hsbc Holdings PLC lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,330 shares of the company’s stock after buying an additional 45,967 shares during the quarter. Hsbc Holdings PLC’s holdings in Builders FirstSource were worth $26,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cromwell Holdings LLC grew its stake in Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after buying an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource in the second quarter worth $38,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Builders FirstSource in the second quarter worth $38,000. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of a number of analyst reports. Benchmark decreased their price objective on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft cut their target price on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Stephens reduced their target price on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. The Goldman Sachs Group decreased their price target on Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Finally, Zacks Research downgraded shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.88.

Builders FirstSource Trading Down 2.8%

Builders FirstSource stock opened at $82.34 on Tuesday. The stock has a market cap of $8.86 billion, a P/E ratio of 31.55, a PEG ratio of 2.03 and a beta of 1.42. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The firm’s fifty day moving average price is $78.48 and its 200-day moving average price is $94.17. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76.

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

Builders FirstSource announced that its Board of Directors has initiated a share buyback plan on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management 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.