Builders Firstsource Inc (NYSE: BLDR) has seen a decline in its stock price by -3.78 in relation to its previous close of 199.19. However, the company has experienced a -5.47% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Builders Firstsource Inc (NYSE: BLDR) Right Now?
Builders Firstsource Inc (NYSE: BLDR) has a price-to-earnings ratio of 15.98x that is above its average ratio. Additionally, the 36-month beta value for BLDR is 2.06. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for BLDR is 119.07M and currently, short sellers hold a 2.29% ratio of that float. The average trading volume of BLDR on April 10, 2024 was 1.21M shares.
BLDR’s Market Performance
The stock of Builders Firstsource Inc (BLDR) has seen a -5.47% decrease in the past week, with a -0.53% drop in the past month, and a 15.92% gain in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 2.92% for BLDR. The simple moving average for the last 20 days is -5.61% for BLDR stock, with a simple moving average of 25.49% for the last 200 days.
Analysts’ Opinion of BLDR
Many brokerage firms have already submitted their reports for BLDR stocks, with BofA Securities repeating the rating for BLDR by listing it as a “Buy.” The predicted price for BLDR in the upcoming period, according to BofA Securities is $200 based on the research report published on January 29, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see BLDR reach a price target of $220. The rating they have provided for BLDR stocks is “Outperform” according to the report published on January 19th, 2024.
Truist gave a rating of “Hold” to BLDR, setting the target price at $185 in the report published on January 04th of the current year.
BLDR Trading at -1.14% from the 50-Day Moving Average
After a stumble in the market that brought BLDR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.73% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares sank -4.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.45% upper at present.
During the last 5 trading sessions, BLDR fell by -5.60%, which changed the moving average for the period of 200-days by +50.10% in comparison to the 20-day moving average, which settled at $202.66. In addition, Builders Firstsource Inc saw 14.81% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BLDR starting from Boydston Cory Jacobs, who sale 9,741 shares at the price of $200.02 back on Mar 13 ’24. After this action, Boydston Cory Jacobs now owns 18,997 shares of Builders Firstsource Inc, valued at $1,948,395 using the latest closing price.
Boydston Cory Jacobs, the Director of Builders Firstsource Inc, sale 7,759 shares at $200.00 during a trade that took place back on Mar 12 ’24, which means that Boydston Cory Jacobs is holding 28,738 shares at $1,551,800 based on the most recent closing price.
Stock Fundamentals for BLDR
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.35 for the gross margin
The net margin for Builders Firstsource Inc stands at 0.09. The total capital return value is set at 0.24. Equity return is now at value 31.78, with 14.43 for asset returns.
Based on Builders Firstsource Inc (BLDR), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 11.33.
Currently, EBITDA for the company is 2.73 billion with net debt to EBITDA at 1.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.58. The receivables turnover for the company is 9.03for trailing twelve months and the total asset turnover is 1.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
In conclusion, Builders Firstsource Inc (BLDR) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
