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

Builders FirstSource (NYSE:BLDR) had its target price lowered by Deutsche Bank Aktiengesellschaft from $117.00 to $102.00 in a report issued on Monday morning,MarketScreener reports. The firm currently has a hold rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Barclays lowered their price target on Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Robert W. Baird reduced their price objective on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company lifted their target price on Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. Finally, UBS Group dropped their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $127.39.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $102.74 on Monday. The stock’s fifty day moving average is $114.87 and its two-hundred day moving average is $119.65. The company has a market capitalization of $11.36 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.68 and a beta of 1.56. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. Builders FirstSource has a 52 week low of $94.35 and a 52 week high of $151.03.

Builders FirstSource (NYSE:BLDR) 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 business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 earnings per share. As a group, analysts expect that Builders FirstSource will post 11.59 earnings per share for the current year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in BLDR. Caitong International Asset Management Co. Ltd lifted its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares during the last quarter. Cromwell Holdings LLC grew its position in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $34,000. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource during the second quarter valued at approximately $38,000. Finally, MUFG Securities EMEA plc purchased a new stake in Builders FirstSource during the second quarter valued at approximately $38,000. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

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.