What is DA Davidson’s Estimate for BLDR Q4 Earnings?

Builders FirstSource, Inc. (NYSE:BLDR) – Analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Builders FirstSource in a note issued to investors on Wednesday, November 6th. DA Davidson analyst K. Yinger expects that the company will earn $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.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results 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 net margin of 8.25% and a return on equity of 37.05%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the company earned $4.24 earnings per share. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis.

A number of other analysts also recently commented on BLDR. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Stephens raised their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday. B. Riley lowered their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Loop Capital raised their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Robert W. Baird upped their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Five research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Builders FirstSource Stock Up 1.3 %

NYSE BLDR opened at $179.09 on Thursday. Builders FirstSource has a twelve month low of $120.80 and a twelve month high of $214.70. The stock has a market cap of $20.86 billion, a PE ratio of 15.72, a PEG ratio of 10.17 and a beta of 2.08. The firm has a 50-day simple moving average of $184.71 and a 200 day simple moving average of $168.52. 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 announced that its Board of Directors 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 repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLDR. Meeder Asset Management Inc. increased its holdings in shares of Builders FirstSource by 3,220.8% in the third quarter. Meeder Asset Management Inc. now owns 2,557 shares of the company’s stock valued at $496,000 after purchasing an additional 2,480 shares in the last quarter. Whalen Wealth Management Inc. boosted its position in Builders FirstSource by 6.4% in the 3rd quarter. Whalen Wealth Management Inc. now owns 4,887 shares of the company’s stock valued at $947,000 after buying an additional 295 shares during the last quarter. Swiss National Bank increased its stake in shares of Builders FirstSource by 0.4% in the 3rd quarter. Swiss National Bank now owns 362,287 shares of the company’s stock valued at $70,233,000 after buying an additional 1,300 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Builders FirstSource during the third quarter worth $71,000. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Builders FirstSource by 3.6% during the third quarter. Mutual of America Capital Management LLC now owns 44,776 shares of the company’s stock valued at $8,680,000 after acquiring an additional 1,546 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.