Builders FirstSource, Inc. (NYSE:BLDR) to Post Q2 2024 Earnings of $3.19 Per Share, DA Davidson Forecasts

Builders FirstSource, Inc. (NYSE:BLDR) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of Builders FirstSource in a research note issued to investors on Wednesday, May 8th. DA Davidson analyst K. Yinger anticipates that the company will earn $3.19 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $185.00 price target on the stock. The consensus estimate for Builders FirstSource’s current full-year earnings is $13.42 per share. DA Davidson also issued estimates for Builders FirstSource’s FY2025 earnings at $14.21 EPS.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the business posted $2.96 EPS. Builders FirstSource’s revenue for the quarter was up .2% on a year-over-year basis.

A number of other equities analysts have also weighed in on the stock. Oppenheimer increased their target price on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Royal Bank of Canada boosted their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Barclays decreased their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday. Wedbush reissued an “outperform” rating and issued a $215.00 price objective (down previously from $225.00) on shares of Builders FirstSource in a research report on Tuesday, May 7th. Finally, Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and raised their target price for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $196.27.

Builders FirstSource Stock Down 1.4 %

Builders FirstSource stock opened at $166.96 on Friday. Builders FirstSource has a twelve month low of $105.24 and a twelve month high of $214.70. The company has a quick ratio of 1.11, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $193.31 and a 200-day moving average of $169.92. The stock has a market capitalization of $20.38 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.48 and a beta of 2.08.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Builders FirstSource

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Builders FirstSource by 6.8% in the third quarter. Commonwealth Equity Services LLC now owns 18,612 shares of the company’s stock worth $2,317,000 after acquiring an additional 1,189 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Builders FirstSource by 28.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,717 shares of the company’s stock valued at $1,210,000 after purchasing an additional 2,139 shares in the last quarter. Advisor Partners II LLC grew its stake in Builders FirstSource by 6.6% in the third quarter. Advisor Partners II LLC now owns 3,421 shares of the company’s stock valued at $426,000 after acquiring an additional 211 shares during the period. Park Avenue Securities LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at $233,000. Finally, CENTRAL TRUST Co raised its position in Builders FirstSource by 52.4% in the 3rd quarter. CENTRAL TRUST Co now owns 762 shares of the company’s stock valued at $95,000 after buying an additional 262 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

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.