Builders FirstSource (NYSE:BLDR) Issues Quarterly Earnings Results

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

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded up $0.32 during trading on Wednesday, hitting $162.94. 2,513,877 shares of the company’s stock were exchanged, compared to its average volume of 1,337,092. The business’s 50-day simple moving average is $195.08 and its 200 day simple 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. Builders FirstSource has a 52-week low of $105.24 and a 52-week high of $214.70. The company has a market cap of $19.88 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.22 and a beta of 2.08.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday. Barclays increased their target price on Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Wedbush restated an “outperform” rating and issued a $215.00 price target (down previously from $225.00) on shares of Builders FirstSource in a research note on Tuesday. Royal Bank of Canada increased their price objective on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Jefferies Financial Group raised 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. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.93.

Insider Activity at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated 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 directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate 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.