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

Deutsche Bank AG acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, Holdings Channel.com reports. The firm acquired 619,057 shares of the company’s stock, valued at approximately $55,393,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Perigon Wealth Management LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $489,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $12,224,000. Crown Advisors Management Inc. acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $895,000. N.E.W. Advisory Services LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $306,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $134,908,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $70.31 on Friday. The firm 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. The firm has a fifty day moving average of $76.12 and a 200 day moving average of $84.69. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03.

Builders FirstSource (NYSE:BLDR) last posted 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 net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the business earned $2.38 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Builders FirstSource announced that its board has approved a stock buyback program on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BLDR shares. Stifel Nicolaus lowered their price target on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Zacks Research downgraded shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research report on Friday, July 31st. Finally, Raymond James Financial cut their price target on Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $90.35.

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.