The Vanguard Group, Inc. recently announced the acquisition of new stake in Builders FirstSource Inc. (NYSE:BLDR). The institutional investor has increased its shareholding in the Industrials company by 0.30% to 14.44 million shares with purchase of 43776.0 shares. This fresh investment now brings its stake to 10.46% valued currently at $1.37 billion. In addition, Frontier Capital Management Co. L raised its holdings by 0.33 million to 2.51 million shares.
With over 1.66 million Builders FirstSource Inc. (BLDR) shares trading Monday and a closing price of $120.17 on the day, the dollar volume was approximately $199.48 million. The shares have shown a positive half year performance of 90.99% and its price on 05/22/23 lost nearly -0.06%. Currently, there are 137.07M common shares owned by the public and among those 127.05M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for BLDR have a consensus price objective of $123.29. The analysts have set the share’s price value over the next 12 months at a high of $153.00 and a low of $96.00. The average price target is 2.53% above its recent price level and a downside to the estimated low will see the stock lose -25.18% over that period. But an upside of 21.46% will see the stock hit the forecast high price target while median target price for the stock is $128.50.
Insiders at the company have transacted a total of 102 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 71 of these insider trades were purchases, accounting for 417,787 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 178,934 shares.
The top 3 mutual fund holders in Builders FirstSource Inc. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 4.59 million shares of the company’s stock, all valued at over $435.25 million. The company bought an additional 16407.0 shares recently to bring their total holdings to about 3.33% of the shares outstanding. Vanguard Total Stock Market ETF bought 24544.0 shares to see its total holdings expand to 4.56 million shares valued at over $431.7 million and representing 3.30% of the shares outstanding. Vanguard Small Cap Index Fund bought 15760.0 shares to bring its total holdings to over 3.85 million shares at a value of $365.0 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.79% of the shares outstanding.
Shares of Builders FirstSource Inc. (NYSE: BLDR) opened at $121.18, up $0.94 from a prior closing price of $120.24. However, the script later moved the day high at 122.30, down -0.06%. The company’s stock has a 5-day price change of 1.70% and 56.53% over the past three months. BLDR shares are trading 85.22% year to date (YTD), with the 12-month market performance up to 91.63% higher. It has a 12-month low price of $48.91 and touched a high of $122.99 over the same period. BLDR has an average intraday trading volume of 2.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.49%, 25.78%, and 62.26% respectively.
Institutional ownership of Builders FirstSource Inc. (NYSE: BLDR) shares accounts for 103.88% of the company’s 137.07M shares outstanding. Mutual fund holders own 48.05%, while other institutional holders and individual stakeholders account for 52.76% and 22.20% respectively.
It has a market capitalization of $15.67B and a beta (3y monthly) value of 1.94. The stock’s trailing 12-month PE ratio is 7.75, while the earnings-per-share (ttm) stands at $15.51. The company has a PEG of 0.41 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 0.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.57% over the week and 3.12% over the month.
Analysts forecast that Builders FirstSource Inc. (BLDR) will achieve an EPS of $2.37 for the current quarter, $2.33 for the next quarter and $9.31 for 2024. The lowest estimate earnings-per-share for the quarter is $1.07 while analysts give the company a high EPS estimate of $2.77. Comparatively, EPS for the current quarter was $6.26 a year ago. Earnings per share for the fiscal year are expected to increase by 98.30%, and 2.15% over the next financial year. EPS should shrink at an annualized rate of 18.80% over the next five years, compared to 95.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Builders FirstSource Inc. (BLDR) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 4 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”
