Deutsche Bank Aktiengesellschaft Cuts Builders FirstSource (NYSE:BLDR) Price Target to $102.00

Key Points

• Deutsche Bank cut its price target on Builders FirstSource to $102 from $117 and maintained a "hold" rating, implying roughly a 6.4% downside from the current share price.
• Builders FirstSource missed its latest quarter—EPS $1.12 vs. $1.30 expected and revenue $3.36B vs. $3.46B expected—with quarterly revenue down 12.1% year‑over‑year.
• Analyst sentiment is mixed: the consensus price target is $127.39 with 8 Buys, 10 Holds and 4 Sells, while several firms have recently trimmed targets (e.g., Barclays, Stifel, Jefferies).

Builders FirstSource (NYSE:BLDR - Get Free Report) had its price objective reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $117.00 to $102.00 in a research note issued on Monday,MarketScreener reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential downside of 6.40% from the stock's current price.

Other analysts have also recently issued reports about the stock. Barclays decreased their price target on shares of Builders FirstSource from $136.00 to $124.00 and set an "overweight" rating on the stock in a research note on Friday. Stifel Nicolaus cut their price target on Builders FirstSource from $124.00 to $115.00 and set a "hold" rating on the stock in a research note on Tuesday, December 16th. Wells Fargo & Company raised their price objective on shares of Builders FirstSource from $115.00 to $120.00 and gave the company a "cautious" rating in a research note on Wednesday, February 11th. Jefferies Financial Group cut their target price on Builders FirstSource from $112.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday. Finally, DA Davidson lowered their price target on Builders FirstSource from $115.00 to $111.00 and set a "neutral" rating for the company in a research note on Monday, February 2nd. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, Builders FirstSource has an average rating of "Hold" and a consensus price target of $127.39.

Builders FirstSource Price Performance

NYSE BLDR opened at $108.97 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.77 and a beta of 1.56. The company has a 50 day simple moving average of $114.70 and a 200-day simple moving average of $120.10. Builders FirstSource has a 52-week low of $94.35 and a 52-week high of $151.03.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.18). The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The firm's quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.31 EPS. Equities research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC increased its holdings in Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company's stock worth $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company's stock valued at $1,215,000 after acquiring an additional 2,812 shares in the last quarter. Stephens Inc. AR raised its position in shares of Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company's stock worth $354,000 after purchasing an additional 90 shares during the period. Ethic Inc. lifted its holdings in shares of Builders FirstSource by 4.4% in the 2nd quarter. Ethic Inc. now owns 5,034 shares of the company's stock worth $589,000 after purchasing an additional 211 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Builders FirstSource by 7.7% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,216 shares of the company's stock valued at $36,549,000 after purchasing an additional 22,413 shares during the period. 95.53% of the stock is currently owned by institutional investors.

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.