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

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

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $0.94 on Friday, hitting $168.32. The company’s stock had a trading volume of 302,316 shares, compared to its average volume of 1,370,512. Builders FirstSource has a 12 month low of $105.24 and a 12 month high of $214.70. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.22 and a beta of 2.08. The stock’s 50-day moving average is $193.98 and its two-hundred day moving average is $169.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77.

Insider Transactions at Builders FirstSource

In related 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 owns 28,738 shares of the company’s stock, valued at $5,747,600. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday. Truist Financial decreased 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 reduced their price objective on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and raised their price target for the company from $153.00 to $200.00 in a report on Monday, January 29th. Finally, DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.27.

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.