Builders FirstSource, Inc. (NASDAQ:BLDR) – B. Riley lowered their Q3 2018 earnings estimates for shares of Builders FirstSource in a note issued to investors on Thursday, August 9th. B. Riley analyst A. Rygiel now anticipates that the company will post earnings per share of $0.59 for the quarter, down from their previous estimate of $0.62. B. Riley also issued estimates for Builders FirstSource’s Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $1.87 EPS and FY2019 earnings at $2.28 EPS.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, May 15th. Stephens set a $21.00 price objective on Builders FirstSource and gave the stock a “buy” rating in a report on Monday, August 6th. Stifel Nicolaus restated a “buy” rating and set a $25.00 price objective (down from $28.00) on shares of Builders FirstSource in a report on Thursday, August 9th. Barclays reduced their price objective on Builders FirstSource from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, ValuEngine downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.36.

BLDR opened at $16.00 on Monday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 12.65 and a beta of 2.07. Builders FirstSource has a 52 week low of $14.39 and a 52 week high of $23.28. The company has a current ratio of 2.04, a quick ratio of 1.15 and a debt-to-equity ratio of 4.23.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.06 billion.

In other news, Director Floyd F. Sherman sold 50,000 shares of Builders FirstSource stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $20.21, for a total value of $1,010,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Brett N. Milgrim sold 34,930 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $19.57, for a total value of $683,580.10. Following the completion of the sale, the director now directly owns 60,265 shares of the company’s stock, valued at approximately $1,179,386.05. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Builders FirstSource by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 81,790 shares of the company’s stock worth $1,623,000 after purchasing an additional 5,610 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Builders FirstSource in the 4th quarter worth $242,000. Schwab Charles Investment Management Inc. boosted its position in shares of Builders FirstSource by 25.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 649,511 shares of the company’s stock worth $12,887,000 after purchasing an additional 131,698 shares in the last quarter. Swiss National Bank boosted its position in shares of Builders FirstSource by 2.3% in the 1st quarter. Swiss National Bank now owns 196,300 shares of the company’s stock worth $3,895,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter worth $3,835,000. 95.38% of the stock is owned by hedge funds and other institutional investors.

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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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Earnings History and Estimates for Builders FirstSource (NASDAQ:BLDR)

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