Builders FirstSource, Inc. (NASDAQ:BLDR) – Analysts at B. Riley lowered their Q3 2018 earnings per share estimates for Builders FirstSource in a research report issued to clients and investors on Friday, September 21st. B. Riley analyst A. Rygiel now expects that the company will earn $0.58 per share for the quarter, down from their prior estimate of $0.59. B. Riley also issued estimates for Builders FirstSource’s FY2018 earnings at $1.79 EPS.

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

Other research analysts have also issued reports about the stock. TheStreet raised shares of Builders FirstSource from a “c+” rating to a “b” rating in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday, July 16th. Stephens set a $21.00 price target on shares of Builders FirstSource and gave the company a “buy” rating in a report on Monday, August 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 price target (down from $28.00) on shares of Builders FirstSource in a report on Thursday, August 9th. Finally, Deutsche Bank decreased their price target on shares of Builders FirstSource from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.23.

Shares of BLDR stock opened at $15.45 on Monday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 4.31 and a beta of 2.00. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 4.23. Builders FirstSource has a 1-year low of $15.24 and a 1-year high of $23.28.

A number of large investors have recently modified their holdings of BLDR. Wells Fargo & Company MN lifted its position in Builders FirstSource by 0.9% in the 1st quarter. Wells Fargo & Company MN now owns 438,327 shares of the company’s stock valued at $8,697,000 after purchasing an additional 3,741 shares during the last quarter. SG Americas Securities LLC bought a new stake in Builders FirstSource in the 1st quarter valued at about $224,000. Swiss National Bank lifted its position in Builders FirstSource by 2.3% in the 1st quarter. Swiss National Bank now owns 196,300 shares of the company’s stock valued at $3,895,000 after purchasing an additional 4,400 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Builders FirstSource by 25.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 649,511 shares of the company’s stock valued at $12,887,000 after purchasing an additional 131,698 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Builders FirstSource by 222.3% in the 1st quarter. JPMorgan Chase & Co. now owns 466,454 shares of the company’s stock valued at $9,255,000 after purchasing an additional 321,735 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

In other Builders FirstSource news, Director Paul S. Levy purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was acquired at an average cost of $15.98 per share, with a total value of $1,598,000.00. Following the acquisition, the director now owns 1,117,984 shares of the company’s stock, valued at approximately $17,865,384.32. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cleveland A. Christophe sold 30,000 shares of Builders FirstSource stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.07, for a total transaction of $482,100.00. Following the completion of the sale, the director now owns 24,991 shares in the company, valued at $401,605.37. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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. 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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