Builders FirstSource’s (BLDR) “Hold” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Builders FirstSource (NYSE:BLDR) in a research report sent to investors on Friday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a $134.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada lowered shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $132.00 to $129.00 in a report on Friday. Stephens cut their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Zelman & Associates reaffirmed an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. UBS Group dropped their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Robert W. Baird lowered shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $145.00 to $130.00 in a report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.79.

Builders FirstSource Stock Up 2.4%

Shares of NYSE BLDR opened at $130.18 on Friday. Builders FirstSource has a 1 year low of $102.60 and a 1 year high of $203.14. The firm’s 50 day moving average price is $120.51 and its 200 day moving average price is $128.65. The firm has a market cap of $14.39 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 11.90 and a beta of 1.68. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business earned $3.50 earnings per share. Builders FirstSource’s revenue was down 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has approved a stock repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Paul S. Levy purchased 283,517 shares of Builders FirstSource stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the purchase, the director owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dirkson R. Charles purchased 5,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 505,000 shares of company stock valued at $56,032,120. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

Several large investors have recently modified their holdings of the stock. Wincap Financial LLC boosted its stake in shares of Builders FirstSource by 12.9% during the 2nd quarter. Wincap Financial LLC now owns 10,515 shares of the company’s stock worth $1,227,000 after acquiring an additional 1,205 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of Builders FirstSource by 37.9% during the 2nd quarter. AustralianSuper Pty Ltd now owns 420,477 shares of the company’s stock worth $49,065,000 after acquiring an additional 115,505 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Builders FirstSource by 2.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 17,292 shares of the company’s stock worth $2,018,000 after acquiring an additional 454 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Builders FirstSource during the 2nd quarter worth $2,480,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Builders FirstSource by 2.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 315,735 shares of the company’s stock valued at $36,842,000 after acquiring an additional 8,386 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

About Builders FirstSource

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.