Deutsche Bank AG Boosts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Deutsche Bank AG lifted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 604,378 shares of the company's stock after buying an additional 59,761 shares during the quarter. Deutsche Bank AG owned about 0.53% of Builders FirstSource worth $86,384,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BLDR. Principal Financial Group Inc. raised its stake in Builders FirstSource by 38.5% in the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company's stock valued at $39,025,000 after purchasing an additional 56,009 shares in the last quarter. Nordea Investment Management AB raised its stake in Builders FirstSource by 8.4% in the fourth quarter. Nordea Investment Management AB now owns 10,686 shares of the company's stock valued at $1,533,000 after purchasing an additional 827 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Builders FirstSource by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company's stock valued at $548,000 after purchasing an additional 92 shares in the last quarter. Czech National Bank raised its stake in Builders FirstSource by 5.2% in the fourth quarter. Czech National Bank now owns 24,953 shares of the company's stock valued at $3,567,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Paragon Advisors LLC raised its stake in Builders FirstSource by 9.6% in the fourth quarter. Paragon Advisors LLC now owns 15,021 shares of the company's stock valued at $2,147,000 after purchasing an additional 1,310 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

BLDR has been the topic of several research reports. Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Truist Financial reduced their price target on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Raymond James restated an "outperform" rating and set a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Loop Capital reduced their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Barclays reduced their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price of $167.58.

Builders FirstSource Trading Up 2.2%

Shares of BLDR stock traded up $2.61 on Friday, reaching $120.57. 1,601,485 shares of the company's stock were exchanged, compared to its average volume of 1,677,507. Builders FirstSource, Inc. has a 52 week low of $103.81 and a 52 week high of $203.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $13.33 billion, a PE ratio of 13.31, a P/E/G ratio of 0.80 and a beta of 1.79. The company's fifty day simple moving average is $120.65 and its 200 day simple moving average is $146.38.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Builders FirstSource's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.65 EPS. As a group, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Builders FirstSource 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.