Builders FirstSource (NYSE:BLDR) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource (NYSE:BLDR) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $151.00 target price on the stock.

A number of other equities analysts have also recently weighed in on the stock. Truist Financial reduced 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 report on Friday, February 21st. The Goldman Sachs Group reduced their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Raymond James reiterated an “outperform” rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Barclays reduced their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, Benchmark lowered their price target on Builders FirstSource from $200.00 to $170.00 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.63.

Builders FirstSource Stock Up 0.4 %

BLDR opened at $125.40 on Tuesday. The company has a fifty day moving average of $143.98 and a two-hundred day moving average of $163.76. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a fifty-two week low of $119.65 and a fifty-two week high of $210.00. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.80 and a beta of 2.19.

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

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently bought and sold shares of BLDR. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource in the fourth quarter valued at $34,000. Avion Wealth lifted its stake in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after purchasing an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after purchasing an additional 134 shares during the last quarter. 95.53% of the stock is currently 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.