DA Davidson Has Pessimistic Outlook of BLDR FY2025 Earnings

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

Builders FirstSource (NYSE:BLDR) last released its earnings results 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company posted $4.24 EPS. The business’s revenue was down 6.7% on a year-over-year basis.

A number of other equities analysts have also recently commented on BLDR. UBS Group assumed coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price target for the company. Royal Bank of Canada boosted their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and raised their price target for the company from $165.00 to $220.00 in a report on Monday, September 16th. Jefferies Financial Group increased their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird lifted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

Builders FirstSource Stock Performance

Shares of BLDR opened at $172.09 on Wednesday. The company has a market cap of $19.80 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 0.98 and a beta of 2.06. The firm has a 50-day moving average of $182.71 and a 200-day moving average of $169.02. Builders FirstSource has a one year low of $130.75 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BLDR. Mountaineer Partners Management LLC bought a new position in shares of Builders FirstSource during the third quarter worth about $2,099,877,000. FMR LLC increased its holdings in shares of Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. acquired a new position in Builders FirstSource during the third quarter worth $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth about $255,867,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource by 339.8% in 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 purchasing an additional 911,990 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

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.