B. Riley Analysts Decrease Earnings Estimates for BLDR

Builders FirstSource, Inc. (NYSE:BLDR) – Equities research analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for shares of Builders FirstSource in a report issued on Wednesday, November 6th. B. Riley analyst A. Rygiel now anticipates that the company will post earnings of $11.66 per share for the year, down from their previous estimate of $11.75. B. Riley has a “Buy” rating and a $187.00 price target on the stock. The consensus estimate for Builders FirstSource’s current full-year earnings is $11.69 per share.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $4.24 earnings per share. Builders FirstSource’s quarterly revenue was down 6.7% compared to the same quarter last year.

BLDR has been the subject of several other research reports. UBS Group started coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a report on Wednesday. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective on the stock. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Finally, Barclays increased their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.47.

Builders FirstSource Stock Up 1.3 %

Builders FirstSource stock opened at $179.09 on Thursday. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 10.17 and a beta of 2.08. The firm has a fifty day moving average price of $184.71 and a two-hundred day moving average price of $168.52. Builders FirstSource has a fifty-two week low of $120.80 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14.

Builders FirstSource declared that its board has approved a share repurchase program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Builders FirstSource

A number of large investors have recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in Builders FirstSource in the second quarter valued at about $27,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $30,000. ORG Partners LLC bought a new stake in Builders FirstSource during the 1st quarter worth approximately $33,000. First Horizon Advisors Inc. increased its holdings in Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in Builders FirstSource in the 2nd quarter valued at $38,000. 95.53% of the stock is currently 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.