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

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

Builders FirstSource Trading Down 0.6 %

NYSE:BLDR traded down $0.94 during midday trading on Friday, hitting $168.32. The stock had a trading volume of 302,316 shares, compared to its average volume of 1,370,512. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.22 and a beta of 2.08. Builders FirstSource has a one year low of $105.24 and a one year high of $214.70. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average of $193.98 and a 200 day moving average of $169.12.

Analyst Ratings Changes

BLDR has been the topic of several research reports. Wedbush reissued an “outperform” rating and issued a $215.00 price target (down from $225.00) on shares of Builders FirstSource in a research note on Tuesday. Jefferies Financial Group boosted their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Truist Financial decreased their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday. Oppenheimer boosted their target price on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and increased their target price for the stock from $153.00 to $200.00 in a report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $196.27.

Insider Buying and Selling

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

Builders FirstSource Company Profile

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.