B. Riley Equities Analysts Raise Earnings Estimates for BLDR

Builders FirstSource, Inc. (NYSE:BLDR) – Stock analysts at B. Riley upped their Q4 2024 earnings per share estimates for shares of Builders FirstSource in a research report issued to clients and investors on Wednesday, November 6th. B. Riley analyst A. Rygiel now anticipates that the company will earn $2.43 per share for the quarter, up from their prior estimate of $2.36. B. Riley currently has a “Buy” rating and a $187.00 target price on the stock. The consensus estimate for Builders FirstSource’s current full-year earnings is $11.64 per share. B. Riley also issued estimates for Builders FirstSource’s FY2025 earnings at $12.67 EPS.

Several other equities research analysts have also issued reports on the company. The Goldman Sachs Group began coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective for the company. Bank of America raised their price target on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Robert W. Baird boosted their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Loop Capital raised their target price 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, Stephens upped their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.47.

Builders FirstSource Stock Down 0.5 %

Shares of NYSE:BLDR opened at $178.35 on Friday. The company has a 50-day moving average price of $184.79 and a 200 day moving average price of $168.38. The company has a current ratio of 1.77, a quick ratio of 1.14 and a debt-to-equity ratio of 0.83. Builders FirstSource has a 12 month low of $120.80 and a 12 month high of $214.70. The company has a market cap of $20.52 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 10.48 and a beta of 2.08.

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

Builders FirstSource announced that its board has authorized a stock repurchase program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $267,132,000. Boston Partners grew its stake in Builders FirstSource by 0.8% during the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after buying an additional 10,551 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $255,867,000. Massachusetts Financial Services Co. MA boosted its holdings in 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 worth $163,373,000 after acquiring an additional 911,990 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Builders FirstSource by 22.7% in 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 acquiring an additional 196,571 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other 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.