Zacks Research Analysts Lower Earnings Estimates for Builders FirstSource, Inc. (NYSE:BLDR)

Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) – Analysts at Zacks Research dropped their Q3 2023 EPS estimates for shares of Builders FirstSource in a report issued on Tuesday, March 14th. Zacks Research analyst A. Gupta now anticipates that the company will post earnings of $1.99 per share for the quarter, down from their previous estimate of $2.07. The consensus estimate for Builders FirstSource’s current full-year earnings is $7.14 per share. Zacks Research also issued estimates for Builders FirstSource’s FY2025 earnings at $7.63 EPS.

Builders FirstSource (NYSE:BLDR – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.84. Builders FirstSource had a net margin of 12.10% and a return on equity of 59.80%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period last year, the business earned $2.78 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis.

Several other equities analysts also recently commented on the stock. DA Davidson upped their price objective on shares of Builders FirstSource from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, March 1st. Benchmark upped their price target on shares of Builders FirstSource from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, March 1st. Zelman & Associates downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. BMO Capital Markets cut Builders FirstSource from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $80.00 to $92.00 in a report on Wednesday, March 1st. Finally, B. Riley increased their target price on Builders FirstSource from $70.00 to $77.00 in a research note on Wednesday, March 1st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

Builders FirstSource Trading Up 3.6 %

Builders FirstSource stock opened at $82.39 on Thursday. The stock has a 50-day simple moving average of $78.69 and a 200 day simple moving average of $67.51. The stock has a market capitalization of $11.37 billion, a P/E ratio of 4.95 and a beta of 1.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.12 and a current ratio of 1.90. Builders FirstSource has a 52 week low of $48.91 and a 52 week high of $90.21.

Institutional Trading of Builders FirstSource

A number of hedge funds and other institutional investors have recently modified their holdings of BLDR. Vanguard Group Inc. boosted its stake in shares of Builders FirstSource by 0.5% during the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after purchasing an additional 86,484 shares in the last quarter. Wellington Management Group LLP grew its holdings in Builders FirstSource by 14.8% during the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after acquiring an additional 1,455,580 shares during the last quarter. Coliseum Capital Management LLC grew its holdings in Builders FirstSource by 16.4% during the 2nd quarter. Coliseum Capital Management LLC now owns 6,462,850 shares of the company’s stock worth $347,055,000 after acquiring an additional 909,392 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Builders FirstSource by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,563,913 shares of the company’s stock valued at $268,900,000 after acquiring an additional 64,900 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Builders FirstSource by 13.4% during the third quarter. Frontier Capital Management Co. LLC now owns 2,176,584 shares of the company’s stock valued at $128,244,000 after acquiring an additional 256,436 shares during the last quarter. Institutional investors own 94.71% of the company’s stock.

Builders FirstSource Company Profile

(Get Rating)

Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.