Builders FirstSource (NYSE:BLDR) Releases Earnings Results

Builders FirstSource (NYSE:BLDR) posted its quarterly earnings results on Tuesday. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.19), FiscalAI reports. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.

Builders FirstSource Stock Down 4.6%

Shares of BLDR stock opened at $115.06 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. Builders FirstSource has a 12 month low of $94.35 and a 12 month high of $157.96. The stock has a market cap of $12.72 billion, a P/E ratio of 21.92, a P/E/G ratio of 14.36 and a beta of 1.56. The company has a 50 day simple moving average of $114.34 and a two-hundred day simple moving average of $120.61.

Analysts Set New Price Targets

Several research firms recently commented on BLDR. Loop Capital reduced their price objective on Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Robert W. Baird set a $135.00 target price on shares of Builders FirstSource in a report on Friday, October 31st. Finally, Benchmark boosted their target price on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus target price of $134.02.

Hedge Funds Weigh In On Builders FirstSource

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its position in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $38,000. MUFG Securities EMEA plc purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $38,000. Transamerica Financial Advisors LLC raised its stake in Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Builders FirstSource by 1,087.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 392 shares of the company’s stock worth $48,000 after acquiring an additional 359 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.