BLDR Stock Plunge – Reasons Behind Today's Price Drop

Builders FirstSource stock is trading -9.7% below its average target price of $204.92 after dropping -5.1% during today's afternoon session. Analysts are giving the Large-Cap Home Improvement Retail company an average rating of buy and target prices ranging from $169.0 to $230.0 per share.

Builders FirstSource's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.4%. The stock's short ratio is 1.75. The company's insiders own 1.86% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 98.2%. In conclusion, we believe there is positive market sentiment regarding Builders FirstSource.

Institutions Invested in Builders FirstSource

Date Reported Holder Percentage Shares Value
2024-06-30 Vanguard Group Inc 12% 14,548,805 $2,692,256,409
2024-06-30 Blackrock Inc. 10% 11,340,555 $2,098,569,737
2024-06-30 FMR, LLC 6% 6,971,276 $1,290,034,645
2024-06-30 State Street Corporation 5% 5,532,131 $1,023,720,858
2024-06-30 Wellington Management Group, LLP 4% 4,279,533 $791,927,594
2024-06-30 Geode Capital Management, LLC 3% 2,920,638 $540,464,070
2024-06-30 Boston Partners 2% 2,440,385 $451,593,251
2024-06-30 Invesco Ltd. 2% 2,250,297 $416,417,466
2024-06-30 Dimensional Fund Advisors LP 2% 2,213,767 $409,657,590
2024-06-30 Pacer Advisors, Inc. 2% 2,079,960 $384,896,604
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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