Builders FirstSource, Inc. $BLDR Position Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 21.3% in the fourth quarter, Holdings Channel reports. The firm owned 261,330 shares of the company’s stock after purchasing an additional 45,967 shares during the quarter. Hsbc Holdings PLC’s holdings in Builders FirstSource were worth $26,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cromwell Holdings LLC lifted its holdings in Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at approximately $38,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at approximately $38,000. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the subject of a number of research reports. Bank of America decreased their price objective on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Stephens dropped their target price on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, April 27th. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. DA Davidson decreased their price target on shares of Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Finally, William Blair began coverage on shares of Builders FirstSource in a research report on Thursday, February 26th. They set an “outperform” rating for the company. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.88.

Builders FirstSource Trading Up 11.2%

NYSE:BLDR opened at $85.31 on Thursday. The firm has a market capitalization of $9.18 billion, a P/E ratio of 32.69, a P/E/G ratio of 1.84 and a beta of 1.44. The business has a 50 day simple moving average of $78.75 and a 200 day simple moving average of $95.32. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03.

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

Builders FirstSource announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership 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.