Deutsche Bank Aktiengesellschaft Reiterates Hold Rating for Builders FirstSource (NYSE:BLDR)

Key Points

• Builders FirstSource has been downgraded from a "buy" to a "hold" rating by Deutsche Bank, with a new price target set at $134.00, suggesting a potential upside of 6.14% from its last close.
• In the most recent quarterly earnings report, Builders FirstSource reported a revenue decrease of 5.0% year-over-year, with earnings per share (EPS) of $2.38, beating estimates by $0.03.
• Insiders have been active in buying shares, with a director acquiring approximately 283,517 shares valued over $31 million, indicating confidence in the company's stock.

Builders FirstSource (NYSE:BLDR - Get Free Report)'s stock had its "hold" rating restated by research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday, Marketbeat reports. They presently have a $134.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 2.93% from the stock's previous close.

A number of other equities research analysts have also issued reports on BLDR. Robert W. Baird lowered shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $145.00 to $130.00 in a report on Friday. Wedbush decreased their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. Loop Capital decreased their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $132.00 to $129.00 in a report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $158.79.

Builders FirstSource Stock Up 2.4%

BLDR stock traded up $3.05 during trading on Friday, reaching $130.18. The stock had a trading volume of 3,999,716 shares, compared to its average volume of 1,979,004. Builders FirstSource has a one year low of $102.60 and a one year high of $203.14. The company's 50 day moving average is $120.51 and its two-hundred day moving average is $129.10. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 11.62 and a beta of 1.69. The company has a quick ratio of 1.07, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the firm earned $3.50 EPS. Builders FirstSource's revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has approved a share repurchase program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy acquired 283,517 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the purchase, the director owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dirkson R. Charles acquired 5,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 505,000 shares of company stock valued at $56,032,120 over the last quarter. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors have recently made changes to their positions in the company. Brave Warrior Advisors LLC purchased a new stake in Builders FirstSource in the 1st quarter worth $155,123,000. Wellington Management Group LLP grew its holdings in shares of Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after buying an additional 960,603 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after buying an additional 899,841 shares in the last quarter. FMR LLC grew its holdings in shares of Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after buying an additional 740,214 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Builders FirstSource by 957.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock valued at $66,091,000 after acquiring an additional 478,942 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.