New Big Money Means Builders Firstsource Inc (BLDR) Investors Could Reap Benefit

Builders Firstsource Inc (NYSE: BLDR) is 10.97% higher on its value in year-to-date trading and has touched a low of $76.69 and a high of $184.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLDR stock was last observed hovering at around $180.91 in the last trading session, with the day’s gains setting it 4.34%.

Currently trading at $185.25, the stock is 7.57% and 14.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 2.40% at the moment leaves the stock 36.77% off its SMA200. BLDR registered 126.27% gain for a year compared to 6-month gain of 23.40%. The firm has a 50-day simple moving average (SMA 50) of $1.54 and a 200-day simple moving average (SMA200) of $9.63.

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The stock witnessed a 12.04% loss in the last 1 month and extending the period to 3 months gives it a 46.95%, and is 3.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.00% over the week and 2.98% over the month.

Builders Firstsource Inc (BLDR) has around 29000 employees, a market worth around $22.85B and $17.30B in sales. Current P/E ratio is 15.73 and Fwd P/E is 15.39. Profit margin for the company is 9.10%. Distance from 52-week low is 141.56% and 0.61% from its 52-week high. The company has generated returns on investments over the last 12 months (18.76%).

Builders Firstsource Inc quarterly earnings per share for the current quarter are estimated at $2.54 with sales reaching $4B over the same period.The EPS is expected to shrink by -29.78% this year, but quarterly earnings will post -25.40% year-over-year. Quarterly sales are estimated to shrink -8.30% in year-over-year returns.

981 institutions hold shares in Builders Firstsource Inc (BLDR), with institutional investors hold 98.80% of the company’s shares. The shares outstanding are 138.86M, and float is at 120.51M with Short Float at 2.95%. Institutions hold 96.84% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 15.03 million shares valued at $2.04 billion. The investor’s holdings represent 12.02% of the BLDR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.59 million shares valued at $1.71 billion to account for 10.07% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 9.29 million shares representing 7.43% and valued at over $1.26 billion, while FMR, LLC holds 4.26% of the shares totaling 5.33 million with a market value of $725.0 million.

Builders Firstsource Inc (BLDR) Insider Activity

The most recent transaction is an insider sale by FARMER MICHAEL ALAN, the company’s President – Commercial Ops. SEC filings show that FARMER MICHAEL ALAN sold 3,318 shares of the company’s common stock on Dec 07 at a price of $145.64 per share for a total of $0.48 million. Following the sale, the insider now owns 60660.0 shares.

Builders Firstsource Inc disclosed in a document filed with the SEC on Aug 15 that Hiller Michael (President – Central Division) sold a total of 1,397 shares of the company’s common stock. The trade occurred on Aug 15 and was made at $151.96 per share for $0.21 million. Following the transaction, the insider now directly holds 31495.0 shares of the BLDR stock.

Still, SEC filings show that on Aug 14, Hiller Michael (President – Central Division) disposed off 5,965 shares at an average price of $147.91 for $0.88 million. The insider now directly holds 32,892 shares of Builders Firstsource Inc (BLDR).

Builders Firstsource Inc (BLDR): Who are the competitors?

One of the company’s main competitors (and peers) include Trex Co. Inc. (TREX) that is trading 61.86% up over the past 12 months.Carlisle Cos. (CSL) lies in the list of competitors of the Builders Firstsource Inc and is 34.07% higher over the same period from BLDRTopBuild Corp. (BLD) is 100.69% up on the 1-year trading charts.