Why Builders FirstSource, Inc.’s (BLDR) Stock Is Up 5.52%

By Jenna Brashear
July 26, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Builders FirstSource, Inc. before investing.

In this article, we go over a few key elements for understanding Builders FirstSource, Inc.’s stock price such as:

  • Builders FirstSource, Inc.’s current stock price and volume
  • Why Builders FirstSource, Inc.’s stock price changed recently
  • Upgrades and downgrades for BLDR from analysts
  • BLDR’s stock price momentum as measured by its relative strength

About Builders FirstSource, Inc. (BLDR)

Before we jump into Builders FirstSource, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Builders FirstSource, Inc. is a supplier and manufacturer of building materials, manufactured components and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. The Company offer an integrated solution to its customers by providing manufacturing, supply, and installation of a full range of structural and related building products. Its manufactured products include its factory-built roof and floor trusses, wall panels, vinyl windows, custom millwork, and trim, as well as engineered wood that it designs, cuts, and assembles specifically for each home. The Company’s full range of construction-related services include professional installation, turn-key framing, and shell constructions. The Company also assembles interior and exterior doors into pre-hung units. It supplies its customers with a broad offering of professional grade building products, such as dimensional lumber and lumber sheet goods and various window, and more.

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Builders FirstSource, Inc.’s Stock Price as of Market Close

As of July 26, 2024, 4:00 PM, CST, Builders FirstSource, Inc.’s stock price was $167.49.

Builders FirstSource, Inc. is up 5.52% from its previous closing price of $158.73.

During the last market session, Builders FirstSource, Inc.’s stock traded between $153.29 and $163.48. Currently, there are 121.97 million shares of Builders FirstSource, Inc. stock available for purchase.

Builders FirstSource, Inc.’s price-earnings (P/E) ratio is currently at 13.6, which is low compared to the Construction Supplies & Fixtures industry median of 19.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Builders FirstSource, Inc. Stock Price History

Builders FirstSource, Inc.’s (BLDR) price is currently up 21.01% so far this month.

During the month of July, Builders FirstSource, Inc.’s stock price has reached a high of $169.95 and a low of $130.75.

Over the last year, Builders FirstSource, Inc. has hit prices as high as $214.70 and as low as $105.24. Year to date, Builders FirstSource, Inc.’s stock is up 158.15%.

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What Caused Builders FirstSource, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 25, 2024, there were 4 analysts who downgraded Builders FirstSource, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Builders FirstSource, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Builders FirstSource, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Builders FirstSource, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Builders FirstSource, Inc. (BLDR) by visiting AAII Stock Evaluator.

Relative Price Strength of Builders FirstSource, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 25, 2024, Builders FirstSource, Inc. has a weighted four-quarter relative price strength of -3.38%, which translates to a Momentum Score of 48 and is considered to be Average.

Want to learn more about how Builders FirstSource, Inc. is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Builders FirstSource, Inc. Stock Price: Bottom Line

As of July 26, 2024, Builders FirstSource, Inc.’s stock price is $167.49, which is up 5.52% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Builders FirstSource, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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