Builders FirstSource, Inc. (NYSE:BLDR) Position Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Builders FirstSource by 1.4%, owning 612,619 shares worth approximately $76.5 million after purchasing an additional 8,241 shares.
• Various institutional investors, including Cambridge Investment Research Advisors and Stephens Inc. AR, have significantly raised their holdings in Builders FirstSource during the first quarter, reflecting growing confidence in the company's prospects.
• Builders FirstSource reported $2.38 earnings per share for the last quarter, surpassing analysts' expectations, despite a 5% decline in revenue compared to the previous year.

Deutsche Bank AG raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,619 shares of the company's stock after buying an additional 8,241 shares during the period. Deutsche Bank AG owned 0.54% of Builders FirstSource worth $76,541,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in Builders FirstSource by 18.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock valued at $2,500,000 after buying an additional 3,131 shares in the last quarter. Stephens Inc. AR raised its holdings in Builders FirstSource by 42.5% during the first quarter. Stephens Inc. AR now owns 2,942 shares of the company's stock valued at $368,000 after buying an additional 877 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Builders FirstSource by 41.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock valued at $945,000 after buying an additional 2,216 shares in the last quarter. Altus Wealth Group LLC raised its holdings in Builders FirstSource by 11.2% during the first quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock valued at $5,625,000 after buying an additional 4,549 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in Builders FirstSource during the first quarter valued at about $1,012,000. 95.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $548,350. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BLDR shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. DA Davidson dropped their price objective on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Stephens dropped their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. BMO Capital Markets dropped their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research note on Monday, May 5th. Finally, Robert W. Baird lowered Builders FirstSource from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Hold" and an average price target of $154.44.

Builders FirstSource Stock Up 0.8%

BLDR stock opened at $132.33 on Monday. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The company has a market cap of $14.63 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 14.00 and a beta of 1.68. The business's 50-day simple moving average is $122.76 and its 200 day simple moving average is $127.44. The company has a quick ratio of 1.08, 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 earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the business earned $3.50 earnings per share. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. On average, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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

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.

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