Deutsche Bank Aktiengesellschaft Begins Coverage on Builders FirstSource (NYSE:BLDR)

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource (NYSE:BLDR) in a research report report published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $151.00 target price on the stock.

Several other research firms have also commented on BLDR. Truist Financial lowered their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Barclays dropped their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. BMO Capital Markets reduced their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, Benchmark cut their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.63.

Builders FirstSource Trading Up 0.4 %

BLDR opened at $125.40 on Tuesday. Builders FirstSource has a 52 week low of $119.65 and a 52 week high of $210.00. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $143.98 and a 200-day simple moving average of $163.76. The firm has a market cap of $14.25 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, equities analysts expect that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. D.A. Davidson & CO. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at $278,000. Townsquare Capital LLC grew its holdings in shares of Builders FirstSource by 11.9% during the third quarter. Townsquare Capital LLC now owns 3,701 shares of the company’s stock worth $718,000 after purchasing an additional 394 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Builders FirstSource by 23.7% during the third quarter. Captrust Financial Advisors now owns 28,682 shares of the company’s stock worth $5,560,000 after purchasing an additional 5,489 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Builders FirstSource during the third quarter worth about $1,140,000. Finally, Bamco Inc. NY purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $36,338,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company 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.