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Saturday, June 3, 2023

The Street Is Finally Waking Up To Builders FirstSource Inc. (NYSE: BLDR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Builders FirstSource Inc. (BLDR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.60, or -2.27%, to $112.05. The Builders FirstSource Inc. has recorded 63,657 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Builders FirstSource Reports First Quarter 2023 Results.

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Stocks Info

Builders FirstSource Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Building Products & Equipment industry. The current market capitalization of Builders FirstSource Inc. is $14.25B. A total of 2.42 million shares were traded on the day, compared to an average of 2.14M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BLDR has seen 27 BUY and 24 SELL insider trades, representing the acquisition of 255,470 and the disposition of 104,929 shares. Over the last 12 months, there were 71 BUYs and 31 SELLs from insiders. Insiders purchased 417,787 shares during that period but sold 178,934.

In the most recent transaction, FARMER MICHAEL ALAN sold 12,500 shares of BLDR for 108.97 per share on May 05. After the transaction, the President – Commercial Ops now owns 62,122 company shares. In a previous transaction on May 05, Hiller Michael sold 7,000 shares at 110.87 per share. BLDR shares that President – Central Division owns now total 39,857.

Among the insiders who sold shares, FARMER MICHAEL ALAN disposed of 3,350 shares on Nov 11 at a per-share price of $65.95. This resulted in the President – Commercial Ops holding 61,621 shares of BLDR after the transaction. In another insider transaction, Beckmann Jami sold 3,750 shares at $68.60 per share on Aug 04. Company shares held by the Principal Accounting Officer now total 30,990.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BLDR in the last 3 months, the mean price target is $123.29 with high estimates of $153.00 and low estimates of $96.00. In terms of 52-week highs and lows, BLDR has a high of $114.85 and a low of $48.91.

As of this writing, BLDR has an earnings estimate of $2.37 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $2.77 per share and a lower estimate of $1.07. The company reported an EPS of $3.21 in the last quarter, which was 36.00% higher than expectations of $2.36.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BLDR’s latest balance sheet shows that the firm has $42.60M in Cash & Short Term Investments as of fiscal 2021. There were $3.40B in debt and $2.13B in liabilities at the time. Its Book Value Per Share was $33.98, while its Total Shareholder’s Equity was $4.80B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLDR is Buy with a score of 4.13.

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