Builders FirstSource (NASDAQ:BLDR) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Builders FirstSource (NASDAQ:BLDR) posted its quarterly earnings results on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15, Bloomberg Earnings reports. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year.

Builders FirstSource stock traded up $2.07 during midday trading on Friday, reaching $18.87. 3,615,942 shares of the stock were exchanged, compared to its average volume of 813,094. The firm has a fifty day simple moving average of $16.48. The company has a current ratio of 1.88, a quick ratio of 1.02 and a debt-to-equity ratio of 2.47. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 2.03 and a beta of 2.03. Builders FirstSource has a 52 week low of $10.15 and a 52 week high of $18.91.

In related news, Director Robert C. Griffin sold 11,133 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $15.08, for a total transaction of $167,885.64. Following the sale, the director now owns 36,852 shares of the company’s stock, valued at approximately $555,728.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donald F. Mcaleenan sold 116,327 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $16.38, for a total transaction of $1,905,436.26. Following the sale, the senior vice president now directly owns 324,476 shares in the company, valued at approximately $5,314,916.88. The disclosure for this sale can be found here. Insiders have sold a total of 500,146 shares of company stock worth $8,134,697 in the last ninety days. 2.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Swiss National Bank boosted its holdings in shares of Builders FirstSource by 2.4% during the 2nd quarter. Swiss National Bank now owns 214,100 shares of the company’s stock valued at $3,610,000 after acquiring an additional 5,000 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Builders FirstSource by 7.3% during the 2nd quarter. Janus Henderson Group PLC now owns 22,313 shares of the company’s stock valued at $376,000 after acquiring an additional 1,522 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Builders FirstSource by 25.8% during the 2nd quarter. Aperio Group LLC now owns 24,374 shares of the company’s stock valued at $411,000 after acquiring an additional 5,001 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Builders FirstSource by 28.5% during the 2nd quarter. First Trust Advisors LP now owns 153,760 shares of the company’s stock valued at $2,592,000 after acquiring an additional 34,085 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Builders FirstSource by 92.4% during the 2nd quarter. Fisher Asset Management LLC now owns 209,989 shares of the company’s stock valued at $3,540,000 after acquiring an additional 100,863 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on BLDR. BidaskClub lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Wedbush set a $18.00 price target on shares of Builders FirstSource and gave the company a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, May 9th. Finally, ValuEngine lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.25.

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. 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 for Builders FirstSource (NASDAQ:BLDR)

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