Analysts Issue Forecasts for BLDR Q4 Earnings

Builders FirstSource, Inc. (NYSE:BLDR) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Builders FirstSource in a research note issued to investors on Wednesday, November 6th. DA Davidson analyst K. Yinger anticipates that the company will earn $2.33 per share for the quarter. 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 $11.69 per share. DA Davidson also issued estimates for Builders FirstSource’s FY2025 earnings at $12.79 EPS.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada upped their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird raised their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group initiated coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective on the stock. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average price target of $206.47.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $179.09 on Thursday. The firm’s 50 day simple moving average is $184.71 and its 200 day simple moving average is $168.52. Builders FirstSource has a fifty-two week low of $120.80 and a fifty-two week high of $214.70. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 10.17 and a beta of 2.08. 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 (NYSE:BLDR) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.24 EPS.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. Norden Group LLC bought a new position in Builders FirstSource in the first quarter valued at approximately $265,000. Private Advisor Group LLC grew its stake in shares of Builders FirstSource by 20.2% in the first quarter. Private Advisor Group LLC now owns 4,823 shares of the company’s stock valued at $1,006,000 after buying an additional 811 shares in the last quarter. Nordea Investment Management AB increased its holdings in Builders FirstSource by 5.6% during the first quarter. Nordea Investment Management AB now owns 9,834 shares of the company’s stock worth $2,067,000 after buying an additional 523 shares during the last quarter. Manchester Capital Management LLC raised its position in Builders FirstSource by 58,733.3% during the first quarter. Manchester Capital Management LLC now owns 1,765 shares of the company’s stock worth $368,000 after acquiring an additional 1,762 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in Builders FirstSource in the first quarter valued at $33,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource declared that its board has authorized a stock repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.