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

Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource (NYSE:BLDR) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $151.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 20.84% from the stock’s previous close.

Several other research analysts have also commented on the company. Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Benchmark decreased their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group decreased their price target 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. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.63.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $124.96 on Tuesday. Builders FirstSource has a 52 week low of $119.65 and a 52 week high of $210.00. The firm has a 50 day moving average of $144.80 and a two-hundred day moving average of $164.17. 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 stock has a market capitalization of $14.20 billion, a PE ratio of 13.79, a P/E/G ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) 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 return on equity of 30.54% and a net margin of 6.57%. On average, research analysts predict that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Trading of Builders FirstSource

Institutional investors have recently modified their holdings of the company. 111 Capital purchased a new stake in Builders FirstSource during the 4th quarter worth $356,000. TFR Capital LLC. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth approximately $1,096,000. Park Square Financial Group LLC bought a new position in Builders FirstSource during the 4th quarter valued at $174,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Builders FirstSource during the 4th quarter worth $6,511,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Builders FirstSource in the 4th quarter worth about $196,000. Hedge funds and other institutional investors 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.