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

Hsbc Holdings PLC grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 408,899 shares of the company's stock after purchasing an additional 38,365 shares during the period. Hsbc Holdings PLC owned approximately 0.36% of Builders FirstSource worth $58,428,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BLDR. FMR LLC boosted its stake in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after buying an additional 740,214 shares in the last quarter. Invesco Ltd. lifted its holdings in Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock valued at $322,105,000 after acquiring an additional 26,314 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock worth $319,898,000 after purchasing an additional 77,666 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after purchasing an additional 623,583 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in shares of Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock valued at $237,753,000 after purchasing an additional 285,458 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective on the stock. StockNews.com downgraded Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Benchmark decreased their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada dropped their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Finally, BMO Capital Markets reduced their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a report on Monday, February 24th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $185.21.

Builders FirstSource Trading Down 1.1 %

Shares of BLDR stock traded down $1.37 during trading hours on Wednesday, hitting $118.87. 244,496 shares of the company were exchanged, compared to its average volume of 1,679,128. Builders FirstSource, Inc. has a 1 year low of $110.84 and a 1 year high of $203.14. The firm has a fifty day moving average of $126.24 and a 200 day moving average of $152.81. The firm has a market cap of $13.52 billion, a PE ratio of 13.11, a PEG ratio of 0.80 and a beta of 1.99. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.