Builders FirstSource, Inc. (BLDR) Monthly Report
Publication Date: September 22, 2024
Company Overview
Builders FirstSource, Inc. (BLDR), based in Irving, Texas, is a leading entity in the building products and equipment industry within the industrial sector. Since its inception in 1998, the company has been at the forefront of manufacturing and supplying a broad range of building materials and services tailored for professional homebuilders, subcontractors, and consumers across the United States. Its diverse portfolio encompasses lumber, manufactured components, and specialty products such as siding, roofing, and insulation. Additionally, Builders FirstSource offers innovative software solutions aimed at increasing operational efficiency for retailers and homebuilders. Originally established as BSL Holdings, Inc., this company has played a critical role in shaping the construction landscape, positioning itself as a potent investment opportunity.
Financial Performance and Investment Outlook
The financial forecast for Builders FirstSource is decidedly positive. Currently priced at $197.74, analysts set a target high price of $230.00, indicating a substantial upside potential for investors. The company’s impressive total revenue of $17.03 billion reflects its solid market foothold. Furthermore, with 116,454,000 shares outstanding and a short interest of approximately 4.16%, the stock showcases a favorable investor sentiment, as low short interest typically suggests less bearish pressure. The average recommendation score from 16 analysts stands at 1.9, reinforcing a “buy” recommendation, thereby appealing to potential investors keen on capitalizing on growth opportunities within its sector.
Stock Performance Metrics
Upon analysis, Builders FirstSource’s stock has demonstrated robust performance, marked by a significant recovery, as it currently trades well above its fifty-two week low of $105.24 and is nearing the high of $214.70. The fifty-day moving average at $167.31 indicates a sustained upward momentum in short-term trends. With a range of target prices set between a high of $230.00 and a low of $169.00, investors are provided with a compelling framework for potential returns. This combination of strong revenue, positive analyst outlook, and favorable technical indicators makes Builders FirstSource a noteworthy consideration for investment portfolios focused on building products and equipment in the industrial sector.
| Metric | Value |
|---|---|
| Market Cap | $23.0b |
| Total Debt | $4.4b |
| Total Cash | $75.6m |
| Shares Outstanding | 116.5m |
| Float Shares | 113.8m |
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