Builders FirstSource (NYSE:BLDR) Price Target Cut to $81.00 by Analysts at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank cut its price target on Builders FirstSource to $81 (from $102) and kept a "hold" rating, while the analyst consensus remains a "Hold" with an average target of $102.45 after multiple firms trimmed estimates.
• Builders FirstSource missed Q1 EPS at $0.27 versus $0.39 expected, though revenue of $3.29 billion topped estimates but was down 10.1% year-over-year.
• The board authorized a $500 million share buyback (about 5.4% of shares) and an insider purchased 50,000 shares, even as the stock trades near its 52-week low around $75.40.

Builders FirstSource (NYSE:BLDR - Get Free Report) had its price objective decreased by equities researchers at Deutsche Bank Aktiengesellschaft from $102.00 to $81.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 7.38% from the stock's previous close.

Several other research analysts also recently commented on the company. Truist Financial decreased their price objective on Builders FirstSource from $145.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday. Jefferies Financial Group decreased their price objective on Builders FirstSource from $110.00 to $85.00 and set a "hold" rating on the stock in a report on Monday, April 13th. KeyCorp cut their target price on shares of Builders FirstSource from $145.00 to $100.00 and set an "overweight" rating for the company in a report on Friday. Bank of America dropped their price objective on shares of Builders FirstSource from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 20th. Finally, Benchmark cut their price target on shares of Builders FirstSource from $138.00 to $105.00 and set a "buy" rating on the stock in a report on Friday. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Builders FirstSource currently has an average rating of "Hold" and a consensus price target of $102.45.

Builders FirstSource Price Performance

BLDR stock opened at $75.43 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.35 and a beta of 1.49. The firm has a 50 day moving average price of $89.22 and a 200-day moving average price of $104.78. Builders FirstSource has a 52-week low of $75.38 and a 52-week high of $151.03.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the firm earned $1.51 EPS. The business's revenue for the quarter was down 10.1% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource will post 5.43 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a share buyback plan on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the company's stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the purchase, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Institutional Trading of Builders FirstSource

Several large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Builders FirstSource by 2,974.3% in the first quarter. Fifth Third Bancorp now owns 54,016 shares of the company's stock valued at $4,447,000 after buying an additional 52,259 shares in the last quarter. American Trust raised its position in Builders FirstSource by 6.7% during the first quarter. American Trust now owns 3,138 shares of the company's stock worth $258,000 after acquiring an additional 197 shares during the period. Candriam S.C.A. lifted its holdings in Builders FirstSource by 27.6% during the first quarter. Candriam S.C.A. now owns 7,710 shares of the company's stock valued at $635,000 after purchasing an additional 1,670 shares in the last quarter. Diversified Investment Strategies LLC purchased a new stake in shares of Builders FirstSource during the first quarter worth about $3,921,000. Finally, Westbourne Investment Advisors Inc. boosted its stake in Builders FirstSource by 4.6% during the first quarter. Westbourne Investment Advisors Inc. now owns 52,466 shares of the company's stock worth $4,320,000 after buying an additional 2,306 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.