B. Riley Analysts Increase Earnings Estimates for BLDR

Builders FirstSource, Inc. (NYSE:BLDR) – Stock analysts at B. Riley upped their Q4 2024 earnings 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 previous estimate of $2.36. B. Riley currently 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. B. Riley also issued estimates for Builders FirstSource’s FY2025 earnings at $12.67 EPS.

A number of other analysts also recently weighed in on BLDR. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group assumed coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target for the company. Loop Capital increased their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 20th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, 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 note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $206.47.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $177.99 on Friday. 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 has a fifty-two week low of $120.80 and a fifty-two week high of $214.70. The firm has a fifty day moving average price of $184.79 and a two-hundred day moving average price of $168.52. The company has a market cap of $20.48 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 10.17 and a beta of 2.08.

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

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds have recently added to or reduced their stakes in the stock. Cyndeo Wealth Partners LLC grew its holdings in Builders FirstSource by 3.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after acquiring an additional 56 shares during the last quarter. World Equity Group Inc. boosted its stake in shares of Builders FirstSource by 4.1% in the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Builders FirstSource by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after purchasing an additional 74 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Builders FirstSource by 42.1% in 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 during the last quarter. Finally, Csenge Advisory Group boosted its stake in shares of Builders FirstSource by 1.9% in the 2nd quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock valued at $589,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the 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 sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Builders FirstSource declared that its Board of Directors has initiated a stock repurchase plan 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 plans are often a sign that the company’s management believes its shares are undervalued.

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.