The stock of Builders FirstSource Inc. (NYSE:BLDR) last traded at $130.81, down -4.15% from the previous session.
Data from the available sources indicates that Builders FirstSource Inc. (NYSE:BLDR) is covered by 13 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $175.00 and a low of $96.00, we find $130.00. Given the previous closing price of $136.47, this indicates a potential downside of -4.74 percent. BLDR stock price is now 11.18% away from the 50-day moving average and 57.30% away from the 200-day moving average. The market capitalization of the company currently stands at $16.66B.
In total, 4 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $128.57 as their price target over the next twelve months.
With the price target enhanced from $78 to $135, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Builders FirstSource Inc. (NYSE: BLDR).
In other news, Beckmann Jami, Principal Accounting Officer sold 2,000 shares of the company’s stock on Jun 06. The stock was sold for $241,380 at an average price of $120.69. Upon completion of the transaction, the Principal Accounting Officer now directly owns 41,262 shares in the company, valued at $5.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, Principal Accounting Officer Beckmann Jami sold 2,000 shares of the business’s stock. A total of $241,100 was realized by selling the stock at an average price of $120.55. This leaves the insider owning 18,874 shares of the company worth $2.47 million. Insiders disposed of 172,534 shares of company stock worth roughly $22.57 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 $95,643,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $63,518,000 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 $57,895,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in BLDR for approximately $36,227,000. CERITY PARTNERS LLC purchased a new stake in BLDR valued at around $23,903,000 in the second quarter. In total, there are 703 active investors with 103.88% ownership of the company’s stock.
With an opening price of $134.88 on Thursday morning, Builders FirstSource Inc. (NYSE: BLDR) set off the trading day. During the past 12 months, Builders FirstSource Inc. has had a low of $52.70 and a high of $140.72. 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 $20.30B, which is based on a 8.44 price-to-earnings ratio, a 0.45 price-to-earnings-growth ratio, and a beta of 2.00. The fifty day moving average price for BLDR is $118.40 and a two-hundred day moving average price translates $83.54 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.
