Builders FirstSource (NYSE:BLDR) Posts Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Builders FirstSource (NYSE:BLDR) released its quarterly earnings results on Tuesday. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23, Briefing.com reports. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $2.96 earnings per share.

Builders FirstSource Stock Up 0.2 %

BLDR stock traded up $0.32 during midday trading on Wednesday, hitting $162.94. The company’s stock had a trading volume of 2,513,877 shares, compared to its average volume of 1,337,092. The firm has a 50-day simple moving average of $195.08 and a 200-day simple moving average of $169.16. The firm has a market capitalization of $19.88 billion, a P/E ratio of 13.58, a PEG ratio of 1.22 and a beta of 2.08. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Builders FirstSource has a 52-week low of $105.24 and a 52-week high of $214.70.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BLDR. Oppenheimer raised their target price on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and upped their target price for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Truist Financial reduced their price target on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group lifted their price objective on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.93.

Insider Transactions at Builders FirstSource

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

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.