Builders Firstsource ( (BLDR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Builders FirstSource’s stock price recently fell due to a series of price target reductions from financial firms like RBC Capital and Raymond James. This followed their Q4 earnings release, which showed a drop in net sales and income due to lower core organic sales and commodity deflation. Despite this, the company did surpass earnings expectations with an EPS of $2.31 against the anticipated $2.11. The adjustments in price targets reflect concerns over short-term volume softness, tariffs, labor issues, and a cautious view on the housing market. Nevertheless, analysts commend the company’s strong gross margin and future prospects, citing their investments in value-added facilities and digital sales for a positive long-term outlook. The stock opened at $144.56 and saw a 4% decline amidst these developments.
More about Builders Firstsource
YTD Price Performance: 1.70%
Average Trading Volume: 1,487,697
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $16.62B
For further insights into BLDR stock on TipRanks’ Stock Analysis page.
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