Brokers Issue Forecasts for Builders FirstSource, Inc.’s Q4 2022 Earnings (NYSE:BLDR)

Builders FirstSource, Inc. (NYSE:BLDRGet Rating) – Stock analysts at Jefferies Financial Group dropped their Q4 2022 earnings per share estimates for Builders FirstSource in a research report issued on Tuesday, August 2nd. Jefferies Financial Group analyst C. Verron now anticipates that the company will post earnings per share of $1.43 for the quarter, down from their previous forecast of $2.37. The consensus estimate for Builders FirstSource’s current full-year earnings is $14.14 per share. Jefferies Financial Group also issued estimates for Builders FirstSource’s FY2023 earnings at $5.10 EPS.

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

Several other research analysts have also issued reports on the company. B. Riley increased their price objective on Builders FirstSource from $71.00 to $75.00 in a research note on Tuesday. Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Builders FirstSource in a research note on Monday, August 1st. Stephens lowered their target price on Builders FirstSource from $100.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Truist Financial raised their target price on Builders FirstSource from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets lowered their target price on Builders FirstSource from $96.00 to $90.00 in a research note on Tuesday, May 17th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.85.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $68.37 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.09 and a quick ratio of 1.19. The stock has a fifty day moving average price of $61.20 and a two-hundred day moving average price of $65.39. Builders FirstSource has a 52-week low of $46.75 and a 52-week high of $86.48. The firm has a market capitalization of $10.67 billion, a P/E ratio of 4.68 and a beta of 2.18.

Insider Activity at Builders FirstSource

In related news, Director Floyd F. Sherman sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. boosted its holdings in Builders FirstSource by 2,200.0% during the first quarter. Financial Management Professionals Inc. now owns 391 shares of the company’s stock worth $25,000 after buying an additional 374 shares during the last quarter. Gibson Wealth Advisors LLC bought a new position in Builders FirstSource during the fourth quarter worth about $26,000. Signaturefd LLC boosted its holdings in Builders FirstSource by 101.6% during the first quarter. Signaturefd LLC now owns 496 shares of the company’s stock worth $32,000 after buying an additional 250 shares during the last quarter. CWM LLC boosted its holdings in Builders FirstSource by 265.2% during the first quarter. CWM LLC now owns 577 shares of the company’s stock worth $37,000 after buying an additional 419 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Builders FirstSource by 70.4% during the fourth quarter. Fifth Third Bancorp now owns 455 shares of the company’s stock worth $39,000 after buying an additional 188 shares during the last quarter. Institutional investors own 99.39% of the company’s stock.

Builders FirstSource Company Profile

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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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