Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 408,899 shares of the company's stock after purchasing an additional 38,365 shares during the quarter. Hsbc Holdings PLC owned 0.36% of Builders FirstSource worth $58,428,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BLDR. Norges Bank acquired a new position in shares of Builders FirstSource during the 4th quarter worth $199,890,000. FMR LLC raised its position in Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after acquiring an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC raised its position in Builders FirstSource by 15,533.9% during the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock worth $92,891,000 after acquiring an additional 645,746 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after purchasing an additional 623,583 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after purchasing an additional 285,458 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BLDR shares. The Goldman Sachs Group reduced their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Loop Capital decreased their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James reiterated an "outperform" rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Royal Bank of Canada reduced their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Finally, BMO Capital Markets lowered their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus target price of $185.21.

Builders FirstSource Trading Down 0.9 %

BLDR stock traded down $1.15 during midday trading on Tuesday, reaching $120.35. 613,197 shares of the company's stock traded hands, compared to its average volume of 1,680,223. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a fifty-two week low of $110.84 and a fifty-two week high of $203.14. The business has a 50-day moving average price of $126.73 and a two-hundred day moving average price of $153.04. The company has a market capitalization of $13.69 billion, a P/E ratio of 13.30, a PEG ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share 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 analyst estimates of $3.90 billion. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal 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.