Deutsche Bank AG Makes New $55.39 Million Investment in Builders FirstSource, Inc. $BLDR

Deutsche Bank AG purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 619,057 shares of the company’s stock, valued at approximately $55,393,000. Deutsche Bank AG owned approximately 0.58% of Builders FirstSource as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource during the second quarter worth $38,000. MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at $38,000. Sunbelt Securities Inc. boosted its position in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLDR. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Oppenheimer dropped their price target on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Citigroup assumed coverage on shares of Builders FirstSource in a research report on Friday. They issued a “market perform” rating for the company. Finally, KeyCorp lowered their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average price target of $90.35.

Builders FirstSource Stock Down 3.1%

Builders FirstSource stock opened at $70.31 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The business’s 50-day simple moving average is $76.12 and its two-hundred day simple moving average is $84.69. The company has a market cap of $7.57 billion, a PE ratio of 77.26, a PEG ratio of 2.35 and a beta of 1.44. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the business earned $2.38 earnings per share. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource announced that its board has authorized a share buyback program on Thursday, April 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.