Hsbc Holdings PLC Sells 40,424 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Hsbc Holdings PLC reduced its Builders FirstSource stake by 18.5%, selling 40,424 shares and retaining 178,432 shares valued at approximately $16.0 million. Institutional investors collectively own 95.53% of the company.
• Analysts have lowered several price targets, with ratings spanning Buy, Hold, and Sell; the stock carries a consensus “Hold” rating and an average price target of $90.35.
• Builders FirstSource shares opened at $62.65, near their 52-week low, after the company reported quarterly EPS of $1.17 versus the $1.25 estimate and revenue of $3.86 billion, down 8.8% year over year.

Hsbc Holdings PLC trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 18.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,432 shares of the company's stock after selling 40,424 shares during the quarter. Hsbc Holdings PLC owned 0.17% of Builders FirstSource worth $15,985,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock valued at $26,000 after purchasing an additional 132 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter worth about $38,000. MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource in the 2nd quarter worth about $38,000. Sunbelt Securities Inc. increased its holdings in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after buying an additional 300 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in Builders FirstSource by 90.2% in 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 during the period. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $76.00 to $70.00 and set a "hold" rating on the stock in a research note on Thursday, July 23rd. Wells Fargo & Company decreased their price target on shares of Builders FirstSource from $85.00 to $65.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. BMO Capital Markets reaffirmed a "market perform" rating and issued a $80.00 price target on shares of Builders FirstSource in a report on Thursday, August 6th. Barclays dropped their price objective on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Finally, Weiss Ratings lowered Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $90.35.

Builders FirstSource Price Performance

NYSE BLDR opened at $62.65 on Wednesday. The company has a market cap of $6.74 billion, a PE ratio of 68.84, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. Builders FirstSource, Inc. has a 52 week low of $62.31 and a 52 week high of $148.91. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The firm's 50-day simple moving average is $72.02 and its two-hundred day simple moving average is $79.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $2.38 EPS. Builders FirstSource's revenue for the quarter was down 8.8% compared to the same quarter last year. Research analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

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.

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