B. Riley Lifts Earnings Estimates for Builders FirstSource

Builders FirstSource, Inc. (NYSE:BLDR) – Equities research analysts at B. Riley raised their Q4 2024 earnings estimates for shares of Builders FirstSource in a research report issued on Wednesday, November 6th. B. Riley analyst A. Rygiel now forecasts that the company will earn $2.43 per share for the quarter, up from their prior forecast of $2.36. B. Riley currently has a “Buy” rating and a $187.00 price objective 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.

Several other research firms have also issued reports on BLDR. Bank of America increased their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Royal Bank of Canada lifted their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and raised their price objective for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Finally, Loop Capital boosted their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Builders FirstSource Trading Up 1.3 %

BLDR opened at $179.09 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. Builders FirstSource has a twelve month low of $120.80 and a twelve month high of $214.70. The stock 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 50-day simple moving average of $184.71 and a 200 day simple moving average of $168.52.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Norden Group LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $265,000. Private Advisor Group LLC increased its position in Builders FirstSource by 20.2% during the 1st quarter. Private Advisor Group LLC now owns 4,823 shares of the company’s stock valued at $1,006,000 after purchasing an additional 811 shares during the period. Nordea Investment Management AB raised its holdings in Builders FirstSource by 5.6% during the 1st quarter. Nordea Investment Management AB now owns 9,834 shares of the company’s stock worth $2,067,000 after purchasing an additional 523 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Builders FirstSource in the 1st quarter worth approximately $33,000. Finally, Empirical Finance LLC boosted its stake in shares of Builders FirstSource by 4.9% in the 1st quarter. Empirical Finance LLC now owns 4,133 shares of the company’s stock valued at $862,000 after purchasing an additional 193 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership 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.