Builders FirstSource, Inc. (NASDAQ:BLDR) – Equities researchers at DA Davidson issued their Q3 2019 earnings estimates for shares of Builders FirstSource in a research note issued to investors on Monday, August 5th, Zacks Investment Research reports. DA Davidson analyst K. Yinger anticipates that the company will post earnings per share of $0.61 for the quarter.
A number of other equities analysts have also recently commented on BLDR. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, May 9th. Buckingham Research lifted their target price on shares of Builders FirstSource from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Wedbush set a $18.00 target price on shares of Builders FirstSource and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.00.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Builders FirstSource had a net margin of 3.05% and a return on equity of 39.63%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $0.54 EPS. The firm’s revenue was down 8.9% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in Builders FirstSource during the first quarter valued at approximately $810,000. First Quadrant L P CA purchased a new stake in shares of Builders FirstSource in the first quarter worth $80,000. NumerixS Investment Technologies Inc increased its stake in shares of Builders FirstSource by 129.9% in the first quarter. NumerixS Investment Technologies Inc now owns 15,400 shares of the company’s stock worth $202,000 after purchasing an additional 8,700 shares in the last quarter. King Luther Capital Management Corp increased its stake in shares of Builders FirstSource by 5.7% in the first quarter. King Luther Capital Management Corp now owns 197,645 shares of the company’s stock worth $2,637,000 after purchasing an additional 10,575 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Builders FirstSource by 7.6% in the first quarter. Creative Planning now owns 11,269 shares of the company’s stock worth $150,000 after purchasing an additional 800 shares in the last quarter. 90.22% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Robert C. Griffin sold 11,133 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $15.08, for a total value of $167,885.64. Following the transaction, the director now owns 36,852 shares in the company, valued at $555,728.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Donald F. Mcaleenan sold 125,408 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $18.88, for a total transaction of $2,367,703.04. Following the completion of the transaction, the senior vice president now owns 152,773 shares in the company, valued at approximately $2,884,354.24. The disclosure for this sale can be found here. Insiders have sold 230,877 shares of company stock worth $4,426,335 in the last three months. 2.20% of the stock is currently owned by insiders.
Builders FirstSource Company Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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 trims and custom products under the Synboard brand name.
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