Q3 2022 Earnings Estimate for Builders FirstSource, Inc. Issued By Jefferies Financial Group (NYSE:BLDR)

Builders FirstSource, Inc. (NYSE:BLDRGet Rating) – Jefferies Financial Group decreased their Q3 2022 EPS estimates for shares of Builders FirstSource in a report issued on Tuesday, August 2nd. Jefferies Financial Group analyst C. Verron now expects that the company will post earnings of $2.81 per share for the quarter, down from their prior estimate of $2.92. The consensus estimate for Builders FirstSource’s current full-year earnings is $12.30 per share.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada lowered shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $70.00 to $79.00 in a research note on Tuesday. Stephens reissued a “maintains” rating on shares of Builders FirstSource in a research note on Tuesday. B. Riley boosted their price objective on shares of Builders FirstSource from $71.00 to $75.00 in a research note on Tuesday. Truist Financial boosted their price objective on shares of Builders FirstSource from $78.00 to $85.00 and gave the stock a “maintains” rating in a research note on Tuesday. Finally, Bryan, Garnier & Co lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, April 6th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.85.

Builders FirstSource Trading Down 1.8 %

Shares of BLDR opened at $69.01 on Wednesday. The firm’s 50-day moving average price is $61.08 and its 200-day moving average price is $65.49. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 4.73 and a beta of 2.18. The company has a current ratio of 2.09, a quick ratio of 1.19 and a debt-to-equity ratio of 0.69. Builders FirstSource has a 1-year low of $45.26 and a 1-year high of $86.48.

Builders FirstSource (NYSE:BLDRGet Rating) last announced its earnings results on Monday, August 1st. The company reported $6.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $3.35. The firm had revenue of $6.93 billion for the quarter, compared to analyst estimates of $5.55 billion. Builders FirstSource had a net margin of 11.79% and a return on equity of 58.32%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.76 EPS.

Insider Transactions at Builders FirstSource

In other news, Director Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $55.09, for a total value of $1,928,150.00. Following the transaction, the director now owns 13,972 shares in the company, valued at $769,717.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BLDR. Financial Management Professionals Inc. raised its holdings in shares of Builders FirstSource by 2,200.0% during the first quarter. Financial Management Professionals Inc. now owns 391 shares of the company’s stock valued at $25,000 after purchasing an additional 374 shares during the last quarter. Gibson Wealth Advisors LLC purchased a new stake in Builders FirstSource during the fourth quarter valued at approximately $26,000. Signaturefd LLC increased its holdings in Builders FirstSource by 101.6% during the first quarter. Signaturefd LLC now owns 496 shares of the company’s stock valued at $32,000 after buying an additional 250 shares during the last quarter. CWM LLC increased its holdings in Builders FirstSource by 265.2% during the first quarter. CWM LLC now owns 577 shares of the company’s stock valued at $37,000 after buying an additional 419 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Builders FirstSource by 70.4% during the fourth quarter. Fifth Third Bancorp now owns 455 shares of the company’s stock valued at $39,000 after buying an additional 188 shares during the last quarter. 99.39% of the stock is owned by hedge funds and other institutional investors.

About Builders FirstSource

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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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.

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Earnings History and Estimates for Builders FirstSource (NYSE:BLDR)

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