Builders FirstSource (NYSE:BLDR) Posts Earnings Results, Beats Estimates By $0.23 EPS

Builders FirstSource (NYSE:BLDR) announced its quarterly earnings data on Tuesday. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23, Briefing.com reports. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $2.96 EPS.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $0.59 during trading hours on Wednesday, hitting $162.03. The stock had a trading volume of 2,436,612 shares, compared to its average volume of 1,335,913. Builders FirstSource has a twelve month low of $105.24 and a twelve month high of $214.70. The firm has a market capitalization of $19.76 billion, a PE ratio of 13.58, a PEG ratio of 1.22 and a beta of 2.08. The stock’s 50 day moving average is $195.08 and its 200 day moving average is $169.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11.

Analysts Set New Price Targets

Several research firms recently issued reports on BLDR. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Wedbush reissued an “outperform” rating and issued a $215.00 target price (down previously from $225.00) on shares of Builders FirstSource in a report on Tuesday. DA Davidson reiterated a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Royal Bank of Canada raised their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Jefferies Financial Group increased their target price on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.93.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by insiders.

About Builders FirstSource

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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.