B. Riley Weighs in on Builders FirstSource, Inc.’s FY2019 Earnings (BLDR)
Builders FirstSource, Inc. (NASDAQ:BLDR) – Equities research analysts at B. Riley reduced their FY2019 earnings per share estimates for shares of Builders FirstSource in a report issued on Wednesday, November 7th. B. Riley analyst A. Rygiel now expects that the company will earn $1.82 per share for the year, down from their previous estimate of $1.95.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis.
NASDAQ BLDR opened at $12.83 on Thursday. Builders FirstSource has a one year low of $11.60 and a one year high of $23.28. The company has a quick ratio of 1.12, a current ratio of 2.09 and a debt-to-equity ratio of 3.39. The stock has a market capitalization of $1.56 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.93.
A number of institutional investors have recently bought and sold shares of BLDR. Altshuler Shaham Ltd bought a new stake in shares of Builders FirstSource during the 2nd quarter worth about $24,638,000. BlackRock Inc. raised its position in shares of Builders FirstSource by 7.3% during the 2nd quarter. BlackRock Inc. now owns 8,631,344 shares of the company’s stock worth $157,869,000 after buying an additional 585,206 shares in the last quarter. Sei Investments Co. raised its position in shares of Builders FirstSource by 497.1% during the 2nd quarter. Sei Investments Co. now owns 635,305 shares of the company’s stock worth $11,621,000 after buying an additional 528,913 shares in the last quarter. Hillcrest Asset Management LLC bought a new stake in shares of Builders FirstSource during the 2nd quarter worth about $9,555,000. Finally, Wells Fargo & Company MN raised its position in shares of Builders FirstSource by 62.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,152,588 shares of the company’s stock worth $16,920,000 after buying an additional 445,200 shares in the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.
In other Builders FirstSource news, Director Floyd F. Sherman sold 196,512 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $13.78, for a total transaction of $2,707,935.36. Following the completion of the transaction, the director now directly owns 478,346 shares of the company’s stock, valued at approximately $6,591,607.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cleveland A. Christophe sold 30,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.07, for a total transaction of $482,100.00. Following the transaction, the director now directly owns 24,991 shares of the company’s stock, valued at $401,605.37. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
About Builders FirstSource
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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