Q4 Earnings Estimate for BLDR Issued By DA Davidson

Builders FirstSource, Inc. (NYSE:BLDR - Free Report) - Research analysts at DA Davidson issued their Q4 2024 earnings per share estimates for Builders FirstSource in a research report issued on Wednesday, November 6th. DA Davidson analyst K. Yinger anticipates that the company will post earnings of $2.33 per share for the quarter. 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 $11.69 per share. DA Davidson also issued estimates for Builders FirstSource's FY2025 earnings at $12.79 EPS.

A number of other equities analysts have also commented on BLDR. The Goldman Sachs Group initiated coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a "buy" rating and a $225.00 price objective on the stock. Stephens boosted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. UBS Group started coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a "buy" rating and a $232.00 target price for the company. Finally, Robert W. Baird boosted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.47.

Builders FirstSource Trading Up 1.3 %

BLDR traded up $2.31 during midday trading on Thursday, hitting $179.09. 1,826,371 shares of the company were exchanged, compared to its average volume of 1,116,530. The firm's 50 day moving average price is $184.71 and its 200-day moving average price is $168.52. Builders FirstSource has a 1-year low of $120.80 and a 1-year high of $214.70. The firm has a market capitalization of $20.86 billion, a P/E ratio of 15.72, a P/E/G ratio of 10.17 and a beta of 2.08. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88.

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

Builders FirstSource declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BLDR. Baillie Gifford & Co. acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth about $267,132,000. Boston Partners raised its stake in shares of Builders FirstSource by 0.8% in the first quarter. Boston Partners now owns 1,377,335 shares of the company's stock worth $285,794,000 after purchasing an additional 10,551 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $255,867,000. Massachusetts Financial Services Co. MA boosted its position in shares of 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 valued at $163,373,000 after buying an additional 911,990 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in 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 worth $147,059,000 after buying an additional 196,571 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Company Profile

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.