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

Hsbc Holdings PLC lessened its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 34.3% in the 1st quarter, Holdings Channel reports. The fund owned 268,621 shares of the company’s stock after selling 140,278 shares during the quarter. Hsbc Holdings PLC’s holdings in Builders FirstSource were worth $33,475,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after buying an additional 960,603 shares during the period. Invesco Ltd. grew its stake in shares of Builders FirstSource by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after buying an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. grew its stake in shares of Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after buying an additional 326,923 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock valued at $280,387,000 after buying an additional 6,453 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Builders FirstSource by 10.2% in the 4th quarter. Northern Trust Corp now owns 1,139,775 shares of the company’s stock valued at $162,908,000 after buying an additional 105,158 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, August 1st. Royal Bank Of Canada cut shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $134.00 price target on shares of Builders FirstSource in a research note on Friday, August 1st. BMO Capital Markets dropped their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating for the company in a research note on Monday, May 5th. Finally, Stifel Nicolaus increased their price objective on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.44.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at $548,350. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $144.46 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The stock has a market capitalization of $15.97 billion, a P/E ratio of 21.92, a PEG ratio of 14.11 and a beta of 1.68. The company has a 50 day moving average price of $127.70 and a 200 day moving average price of $125.87. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has initiated a share buyback program on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

About Builders FirstSource

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.