As of Thursday close, Builders FirstSource Inc.’s (NYSE:BLDR) stock was down -$6.14, moving down -4.83 percent to $121.02. The average number of shares traded per day over the past five days has been 2,125,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$13.24 fall in that time frame. In the last twenty days, the average volume was 1,649,720, while in the previous 50 days, it was 1,497,860.
Since last month, BLDR stock retreated -8.19%. Shares of the company fell to $120.32 on 09/21/23, the lowest level in the past month. A 52-week high of $156.85 was reached on 08/02/23 after having rallying from a 52-week low of $52.70. Since the beginning of this year, BLDR’s stock price has risen by 86.53% or $56.14, and marked a new high 54 times. However, the stock has declined by -22.84% since its 52-week high.
BLDR stock investors should be aware that Builders FirstSource Inc. (BLDR) stock had its last reported insider trading activity 38 days ago on Aug 15. Hiller Michael, the President – Central Division of the company, disposed of 1,397 shares for $151.96 on Aug 15. It resulted in a $212,288 divestment by the insider. Hiller Michael sold 5,965 shares at an average price of $147.91 on Aug 14. The insider now owns 32,892 shares following the transaction. On Aug 07, EVP & General Counsel Johnson Timothy D sold 5,000 shares at $151.69 apiece. The transaction was valued at $758,450.
Valuation Metrics
Right now, Builders FirstSource Inc. (BLDR) has a P/E ratio of about 9.37. The stock’s beta is 2.03. Besides these, the trailing price-to-sales (P/S) ratio of 0.86, the price-to-book (PB) ratio of 3.54, and the price-to-cash flow ratio of 5.21 may also be considered.
Financial Health
In the three months ended June 29, Builders FirstSource Inc.’s quick ratio stood at 1.10, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.85, and the total debt-to-equity ratio was 0.85. On the profitability front, the trailing twelve-month gross margin is 34.90% percent. In the year ended June 29, EBITDA margin amounted to 18.78%, whereas operating margins totaled 13.90%. Based on annual data, BLDR earned $7.74 billion in gross profit and brought in $22.73 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 37.10%. Return on equity (ROE) for the past 12 months was 38.80%.
In Builders FirstSource Inc.’s quarter-end financial report for June 29, it reported total debt of $3.67 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BLDR’s revenue fell -52.94% to $3.88 billion during the quarter, while net income inched up to $4.53 billion. While analysts expected Builders FirstSource Inc. to report $2.51 quarterly earnings, the actual figure was $3.89 per share, beating the consensus estimate by 55.00%. During the quarter, the company generated $716.04 million in EBITDA. The liabilities of Builders FirstSource Inc. were 6.39 billion at the end of its most recent quarter ended June 29, and its total debt was $4.18 billion. The value of shareholders’ equity is $125.04 million.
Technical Picture
This quick technical analysis looks at Builders FirstSource Inc.’s (BLDR) price momentum. With a historical volatility rate of 42.63%, the RSI 9-day stood at 30.01% on 21 September.
With respect to its five-day moving average, the current Builders FirstSource Inc. price is down by -9.86% percent or -$13.24. At present, BLDR shares trade -11.41% below its 20-day simple moving average and +27.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.11% below its SMA50 and +91.76% above its SMA200.
Stochastic coefficient K was 7.22% and Stochastic coefficient D was 9.25%, while ATR was 5.55. Given the Stochastic reading of 2.39% for the 14-day period, the RSI (14) reading has been calculated as 35.26%. As of today, the MACD Oscillator reading stands at -4.91, while the 14-day reading stands at -8.48.
Analyst Ratings
Loop Capital launched its rating on Builders FirstSource Inc. (NYSE: BLDR) to a Buy in a note to investors on September 01, 2023. Builders FirstSource Inc. (BLDR) has been rated Overweight by analysts. According to 0 brokerage firms, BLDR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Builders FirstSource Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $175.00, the current consensus forecast for the stock is $135.00 – $220.00. Based on these forecasts, analysts predict Builders FirstSource Inc. (BLDR) will achieve an average price target of $172.80.
