What is DA Davidson’s Estimate for BLDR Q4 Earnings?

Builders FirstSource, Inc. (NYSE:BLDR) – Research analysts at DA Davidson issued their Q4 2024 earnings estimates for Builders FirstSource in a note issued to investors on Wednesday, November 6th. DA Davidson analyst K. Yinger forecasts that the company will post earnings of $2.33 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $175.00 price objective on the stock. The consensus estimate for Builders FirstSource’s current full-year earnings is $11.69 per share. DA Davidson also issued estimates for Builders FirstSource’s FY2025 earnings at $12.79 EPS.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the firm posted $4.24 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis.

BLDR has been the subject of a number of other reports. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada boosted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group started coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price target for the company. Robert W. Baird boosted their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group started coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $206.88.

Builders FirstSource Trading Down 2.3 %

Shares of NYSE BLDR opened at $176.78 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The company has a market cap of $20.59 billion, a PE ratio of 15.52, a P/E/G ratio of 10.15 and a beta of 2.08. The company has a 50-day moving average of $184.58 and a two-hundred day moving average of $168.44. Builders FirstSource has a 1-year low of $120.80 and a 1-year high of $214.70.

Builders FirstSource declared that its Board of Directors has approved a stock buyback program on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BLDR. Baillie Gifford & Co. acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $267,132,000. Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the third quarter worth $255,867,000. Massachusetts Financial Services Co. MA boosted its holdings in Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after purchasing an additional 911,990 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Builders FirstSource by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock worth $175,366,000 after purchasing an additional 473,238 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Builders FirstSource by 477,028.7% during the first quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock worth $93,535,000 after purchasing an additional 448,407 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. 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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.