DA Davidson Cuts Earnings Estimates for Builders FirstSource

Builders FirstSource, Inc. (NYSE:BLDR - Free Report) - Equities researchers at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Builders FirstSource in a report issued on Tuesday, December 10th. DA Davidson analyst K. Yinger now forecasts that the company will post earnings of $12.04 per share for the year, down from their prior forecast of $12.79. DA Davidson currently has a "Neutral" rating and a $175.00 target price on the stock. The consensus estimate for Builders FirstSource's current full-year earnings is $11.55 per share.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm's revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.24 EPS.

Several other research analysts have also commented on the company. The Goldman Sachs Group assumed coverage on Builders FirstSource in a report on Thursday, October 10th. They set a "buy" rating and a $225.00 price target on the stock. Jefferies Financial Group lifted their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Bank of America increased their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. UBS Group began coverage on Builders FirstSource in a report on Friday, October 25th. They issued a "buy" rating and a $232.00 price objective on the stock. Finally, Barclays increased their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $210.00.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded up $1.42 during midday trading on Wednesday, hitting $172.16. The company had a trading volume of 1,114,083 shares, compared to its average volume of 1,533,303. The business's 50-day simple moving average is $183.17 and its 200-day simple moving average is $169.00. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.98 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. Forsta AP Fonden boosted its stake in shares of Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock worth $5,195,000 after buying an additional 2,900 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Builders FirstSource by 18.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company's stock worth $16,055,000 after purchasing an additional 18,223 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Builders FirstSource by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company's stock worth $152,343,000 after purchasing an additional 16,000 shares during the period. AMF Tjanstepension AB purchased a new position in Builders FirstSource during the 3rd quarter worth $1,471,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth $259,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Buying and Selling

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company's stock.

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.