Q1 2023 EPS Estimates for Builders FirstSource, Inc. Increased by Zacks Research (NYSE:BLDR)

Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) – Zacks Research upped their Q1 2023 earnings estimates for shares of Builders FirstSource in a research report issued to clients and investors on Tuesday, March 14th. Zacks Research analyst A. Gupta now expects that the company will earn $1.61 per share for the quarter, up from their prior forecast of $1.60. The consensus estimate for Builders FirstSource’s current full-year earnings is $7.14 per share. Zacks Research also issued estimates for Builders FirstSource’s Q2 2023 earnings at $2.21 EPS, Q4 2023 earnings at $1.27 EPS, FY2023 earnings at $7.07 EPS, Q1 2024 earnings at $1.71 EPS, Q2 2024 earnings at $1.95 EPS, Q3 2024 earnings at $1.93 EPS, Q4 2024 earnings at $1.53 EPS and FY2024 earnings at $7.12 EPS.

Several other research analysts also recently issued reports on the stock. DA Davidson upped their price target on shares of Builders FirstSource from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 1st. Wedbush upped their price target on Builders FirstSource from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, February 27th. Zelman & Associates cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Stifel Nicolaus lowered their price target on Builders FirstSource from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 19th. Finally, Benchmark increased their target price on Builders FirstSource from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, March 1st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.77.

Builders FirstSource Trading Down 2.8 %

Shares of BLDR stock opened at $80.09 on Friday. Builders FirstSource has a 1 year low of $48.91 and a 1 year high of $90.21. The firm’s fifty day simple moving average is $78.95 and its 200 day simple moving average is $67.60. The firm has a market capitalization of $11.05 billion, a P/E ratio of 4.81 and a beta of 1.98. The company has a current ratio of 1.90, a quick ratio of 1.12 and a debt-to-equity ratio of 0.60.

Builders FirstSource (NYSE:BLDR – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.84. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.25 billion. Builders FirstSource had a net margin of 12.10% and a return on equity of 59.80%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.78 earnings per share.

Institutional Investors Weigh In On Builders FirstSource

Several institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Builders FirstSource by 359,400.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,595 shares of the company’s stock valued at $212,000 after buying an additional 3,594 shares during the last quarter. BNP Paribas Arbitrage SNC increased its stake in Builders FirstSource by 294.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 425,060 shares of the company’s stock worth $25,045,000 after acquiring an additional 317,299 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Builders FirstSource by 7,394.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 53,210 shares of the company’s stock worth $3,135,000 after acquiring an additional 52,500 shares during the last quarter. Whittier Trust Co. increased its stake in Builders FirstSource by 4.6% in the 3rd quarter. Whittier Trust Co. now owns 114,546 shares of the company’s stock worth $6,749,000 after acquiring an additional 5,055 shares during the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in Builders FirstSource in the 3rd quarter worth about $98,000. Institutional investors own 94.71% of the company’s stock.

Builders FirstSource Company Profile

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.