Builders FirstSource (NASDAQ:BLDR) released its quarterly earnings data on Thursday. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.08, Briefing.com reports. Builders FirstSource had a net margin of 1.03% and a return on equity of 44.19%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the company earned $0.39 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis.
BLDR stock traded up $1.17 during trading on Friday, hitting $14.25. 242,735 shares of the company’s stock traded hands, compared to its average volume of 1,674,654. Builders FirstSource has a 52 week low of $11.60 and a 52 week high of $23.28. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $1.44 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.40 and a beta of 2.01.
Several research analysts have recently weighed in on BLDR shares. ValuEngine cut shares of Builders FirstSource from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. BidaskClub raised shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a report on Thursday, September 13th. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. TheStreet raised shares of Builders FirstSource from a “c+” rating to a “b” rating in a report on Wednesday, August 15th. Finally, Deutsche Bank reduced their target price 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. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Builders FirstSource currently has an average rating of “Hold” and an average target price of $21.31.
In other news, Director David Barr bought 60,000 shares of Builders FirstSource stock in a transaction dated Friday, August 31st. The shares were acquired at an average price of $15.63 per share, with a total value of $937,800.00. Following the completion of the purchase, the director now owns 79,496 shares in the company, valued at approximately $1,242,522.48. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Griffin sold 16,756 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $17.15, for a total transaction of $287,365.40. Following the completion of the sale, the director now directly owns 30,104 shares in the company, valued at approximately $516,283.60. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.
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. 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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