B. Riley Lifts Earnings Estimates for Builders FirstSource

Builders FirstSource, Inc. (NYSE:BLDR - Free Report) - Equities research analysts at B. Riley boosted their Q4 2024 earnings estimates for shares of Builders FirstSource in a research report issued on Wednesday, November 6th. B. Riley analyst A. Rygiel now anticipates that the company will post earnings of $2.43 per share for the quarter, up from their previous forecast of $2.36. B. Riley currently has a "Buy" rating and a $187.00 target price on the stock. The consensus estimate for Builders FirstSource's current full-year earnings is $11.69 per share. B. Riley also issued estimates for Builders FirstSource's FY2025 earnings at $12.67 EPS.

BLDR has been the subject of a number of other reports. Baird R W upgraded shares of Builders FirstSource from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 7th. Benchmark reduced their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group increased their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Robert W. Baird raised their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, Barclays upped their price target on Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $206.47.

Builders FirstSource Stock Down 0.7 %

Shares of NYSE BLDR traded down $1.20 during trading hours on Friday, hitting $177.99. The stock had a trading volume of 1,353,147 shares, compared to its average volume of 1,577,794. The firm's 50-day moving average price is $184.79 and its two-hundred day moving average price is $168.52. Builders FirstSource has a 52 week low of $120.80 and a 52 week high of $214.70. The company has a market capitalization of $20.48 billion, a P/E ratio of 17.38, a P/E/G ratio of 10.17 and a beta of 2.08. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company earned $4.24 earnings per share. The business's revenue for the quarter was down 6.7% on a year-over-year basis.

Builders FirstSource announced that its board has authorized a stock buyback program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $267,132,000. Boston Partners grew its position in Builders FirstSource by 0.8% in the first quarter. Boston Partners now owns 1,377,335 shares of the company's stock valued at $285,794,000 after acquiring an additional 10,551 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in Builders FirstSource in the third quarter valued at $255,867,000. Massachusetts Financial Services Co. MA raised its stake in Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock worth $163,373,000 after acquiring an additional 911,990 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock valued at $147,059,000 after acquiring an additional 196,571 shares during the period. 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.