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

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource (NYSE:BLDR - Get Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The firm 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 22.08% from the stock's previous close.

Several other brokerages also recently weighed in on BLDR. Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Loop Capital reduced their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a research report 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. BMO Capital Markets decreased 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 research note on Monday, February 24th. Finally, Stifel Nicolaus cut their price objective on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Five 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 stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus price target of $188.63.

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Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded up $3.87 during midday trading on Tuesday, reaching $123.69. The company's stock had a trading volume of 2,899,103 shares, compared to its average volume of 1,659,757. The firm has a market capitalization of $14.05 billion, a PE ratio of 13.65, a P/E/G ratio of 0.80 and a beta of 2.19. The stock has a fifty day moving average of $141.46 and a 200 day moving average of $162.79. Builders FirstSource has a twelve month low of $114.70 and a twelve month high of $206.02. 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 released its quarterly earnings data 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 business had revenue of $3.82 billion during 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 EPS for the current fiscal year.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its stake in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after acquiring an additional 740,214 shares during the period. Mountaineer Partners Management LLC purchased a new stake in Builders FirstSource in the third quarter valued at approximately $2,099,877,000. Invesco Ltd. raised its position 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 purchasing 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 fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock worth $319,898,000 after buying an additional 77,666 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after buying an additional 623,583 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.