DA Davidson Has Negative Outlook for BLDR FY2025 Earnings

Builders FirstSource, Inc. (NYSE:BLDR) – DA Davidson lowered their FY2025 earnings per share 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 earn $12.04 per share for the year, down from their prior estimate of $12.79. 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 $11.55 per share.

A number of other research analysts have also recently issued reports on the stock. Loop Capital lifted their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Barclays raised their target price on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, November 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Three investment 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. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $210.00.

Builders FirstSource Trading Down 0.9 %

Shares of BLDR stock opened at $170.67 on Wednesday. The company has a market capitalization of $19.64 billion, a P/E ratio of 16.67, a P/E/G ratio of 0.98 and a beta of 2.06. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $182.21 and a 200 day moving average price of $169.03.

Builders FirstSource (NYSE:BLDR) last released 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 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company earned $4.24 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $30,000. First Horizon Advisors Inc. increased its stake in Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling

In other Builders FirstSource 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 value of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by 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.