Builders FirstSource, Inc. (NASDAQ:BLDR) – Equities research analysts at SunTrust Banks boosted their Q2 2020 EPS estimates for Builders FirstSource in a research report issued to clients and investors on Wednesday, July 8th. SunTrust Banks analyst K. Hughes now forecasts that the company will post earnings of $0.34 per share for the quarter, up from their prior estimate of $0.27. SunTrust Banks currently has a “Buy” rating and a $17.00 target price on the stock. SunTrust Banks also issued estimates for Builders FirstSource’s Q3 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at $1.45 EPS, Q2 2021 earnings at $0.58 EPS, Q3 2021 earnings at $0.56 EPS, Q4 2021 earnings at $0.40 EPS and FY2021 earnings at $1.91 EPS.

Other research analysts have also recently issued research reports about the company. Wedbush upped their price target on Builders FirstSource from $23.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, June 5th. B. Riley cut their target price on shares of Builders FirstSource from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Barclays boosted their target price on shares of Builders FirstSource from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Benchmark boosted their target price on shares of Builders FirstSource from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, TheStreet raised shares of Builders FirstSource from a “c” rating to a “b-” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $21.43.

NASDAQ BLDR opened at $19.34 on Monday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 11.65 and a beta of 2.49. Builders FirstSource has a 1 year low of $9.00 and a 1 year high of $28.43. The business’s fifty day moving average is $21.08 and its two-hundred day moving average is $20.58. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.12 and a current ratio of 1.87.

Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, April 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. Builders FirstSource had a net margin of 2.62% and a return on equity of 31.26%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share.

In other Builders FirstSource news, Director Floyd F. Sherman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $22.81, for a total transaction of $684,300.00. Following the completion of the sale, the director now directly owns 104,415 shares in the company, valued at $2,381,706.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jami Lynn Coulter sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.67, for a total transaction of $37,340.00. Following the sale, the insider now owns 32,240 shares of the company’s stock, valued at $601,920.80. The disclosure for this sale can be found here. Insiders sold 103,000 shares of company stock valued at $1,951,715 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in BLDR. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Builders FirstSource during the first quarter valued at about $21,676,000. Norges Bank acquired a new position in shares of Builders FirstSource during the fourth quarter valued at about $38,100,000. Victory Capital Management Inc. raised its position in shares of Builders FirstSource by 554.1% during the first quarter. Victory Capital Management Inc. now owns 1,024,051 shares of the company’s stock valued at $12,524,000 after buying an additional 867,500 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Builders FirstSource by 110.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,529,942 shares of the company’s stock valued at $38,878,000 after buying an additional 802,934 shares during the last quarter. Finally, Samlyn Capital LLC acquired a new position in shares of Builders FirstSource during the fourth quarter valued at about $17,554,000. 98.57% of the stock is owned by institutional investors and hedge funds.

About Builders FirstSource

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

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