In yesterday’s Wall Street session, Builders FirstSource Inc. (NYSE:BLDR) shares traded at $116.79, up 2.41% from the previous session.
As of this writing, 13 analysts cover Builders FirstSource Inc. (NYSE:BLDR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $160.00 and a low of $96.00, we find $128.50. Given the previous closing price of $114.04, this indicates a potential upside of 12.68 percent. BLDR stock price is now 19.62% away from the 50-day moving average and 56.24% away from the 200-day moving average. The market capitalization of the company currently stands at $15.23B.
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There are 4 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $124.00 as their price target over the next twelve months.
In other news, FARMER MICHAEL ALAN, President – Commercial Ops sold 12,500 shares of the company’s stock on May 05. The stock was sold for $1,362,125 at an average price of $108.97. Upon completion of the transaction, the President – Commercial Ops now directly owns 62,122 shares in the company, valued at $7.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, President – Central Division Hiller Michael sold 7,000 shares of the business’s stock. A total of $776,090 was realized by selling the stock at an average price of $110.87. This leaves the insider owning 39,857 shares of the company worth $4.65 million. Insiders disposed of 178,934 shares of company stock worth roughly $20.9 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BLDR stock. A new stake in Builders FirstSource Inc. shares was purchased by WESTFIELD CAPITAL MANAGEMENT CO LP during the first quarter worth $85,392,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $56,711,000 in shares of BLDR during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in Builders FirstSource Inc. valued at approximately $51,690,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in BLDR for approximately $32,344,000. CERITY PARTNERS LLC purchased a new stake in BLDR valued at around $21,341,000 in the second quarter. In total, there are 703 active investors with 103.88% ownership of the company’s stock.
Thursday morning saw Builders FirstSource Inc. (NYSE: BLDR) opened at $114.63. During the past 12 months, Builders FirstSource Inc. has had a low of $48.91 and a high of $122.99. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 1.80, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $15.73B, which is based on a 7.53 price-to-earnings ratio, a 0.40 price-to-earnings-growth ratio, and a beta of 1.94. The fifty day moving average price for BLDR is $98.38 and a two-hundred day moving average price translates $75.00 for the stock.
The latest earnings results from Builders FirstSource Inc. (NYSE: BLDR) was released for Mar, 2023. According to the Building Products & Equipment Company, earnings per share came in at $2.96, beating analysts’ expectations of $1.51 by 1.45. This compares to $3.56 EPS in the same period last year. The net profit margin was 11.70% and return on equity was 48.90% for BLDR. The company reported revenue of $3.88 billion for the quarter, compared to $5.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.65 percent. For the current quarter, analysts expect BLDR to generate $4.14B in revenue.
Builders FirstSource Inc.(BLDR) Company Profile
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, 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 comprising intricate mouldings, stair parts, and columns under the Synboard brand name. The company also provides specialty building products and services, including vinyl, composite and wood siding, exterior trims, metal studs, cement, roofing, insulation, wallboards, ceilings, cabinets, and hardware products; products turn-key framing, shell construction, design assistance, and professional installation services. In addition, it offers software products, such as drafting, estimating, quoting, and virtual home design services, which provide software solutions to retailers, distributors, manufacturers, and homebuilders. The company was formerly known as BSL Holdings, Inc. and changed its name to Builders FirstSource, Inc. in October 1999. Builders FirstSource, Inc. was incorporated in 1998 and is based in Dallas, Texas.
