Builders FirstSource, Inc.’s Stock Price Drops to $117.60, Marks a 2.52% Decrease: Is it Still a Solid Investment?

Builders FirstSource, Inc. (BLDR)

117.60 USD -3.04 (-2.52%) Volume: 1.76M

Builders FirstSource, Inc.’s stock price stands at 117.60 USD, experiencing a decline of -2.52% this trading session with a trading volume of 1.76M, reflecting a YTD percentage change of -17.72%, indicating a challenging year in the stock market for BLDR.

Latest developments on Builders FirstSource, Inc.

Recent stock price movements of Builders FirstSource, Inc. (NYSE:BLDR) have been influenced by various key events. Man Group plc raised their holdings in the company, while Lazard Asset Management LLC bought 7,869 shares. Sherbrooke Park Advisers LLC also acquired new shares, but Nuveen Asset Management LLC sold some of their existing shares. Bank of America Corp DE maintained a significant position in the company with $47.61 million. Additionally, Cetera Investment Advisers purchased shares, and Occudo Quantitative Strategies LP acquired 6,024 shares. Polar Capital Holdings Plc invested $7.53 million in BLDR, and Redwood Investment Management LLC bought a new stake. On the other hand, OMERS ADMINISTRATION Corp sold 4,252 shares, while Focus Partners Wealth purchased 19,433 shares. Rockbridge Capital Management LLC bought 17,109 shares, and Ethic Inc. sold 4,382 shares. These transactions have contributed to the recent fluctuations in Builders FirstSource stock prices.

A look at Builders FirstSource, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Builders FirstSource, Inc. manufactures and distributes building products to professional homebuilders. According to Smartkarma Smart Scores, the company has a mixed outlook for the future. While it scores well in Value, Growth, Resilience, and Momentum, its Dividend score is lower. This suggests that Builders FirstSource may have strong potential for growth and resilience in the long term, but investors looking for dividend income may need to consider other options.

Overall, Builders FirstSource has a solid foundation with its Value, Growth, Resilience, and Momentum scores all indicating positive aspects of the company. This suggests that the company is well-positioned to weather market fluctuations and continue to grow. However, investors seeking a steady income from dividends may need to weigh this factor against the company’s other strengths. With a balanced approach, Builders FirstSource could prove to be a promising investment for those looking for long-term growth potential in the building products industry.

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