Builders FirstSource, Inc. (NASDAQ:BLDR) President of the Central Division, Michael Hiller, has sold a portion of his company stock, according to a recent SEC filing. The transaction, dated May 30, 2024, involved the sale of 4,875 shares of Builders FirstSource common stock at an average price of $159.25, resulting in a total value of $776,343.
The shares were sold in multiple trades with prices ranging from $158.87 to $159.59. The reported average price of $159.25 represents the weighted average sale price of these transactions. Post-sale, Michael Hiller retains ownership of 30,106 shares of Builders FirstSource common stock.
Investors often keep an eye on insider transactions as they can provide insights into the executives' confidence in the company's prospects. However, it's important to note that insider sales can occur for a variety of reasons and may not necessarily be indicative of the company's future performance.
Builders FirstSource, headquartered in Irving, Texas, specializes in supplying building materials and services to the construction industry. As of the date of the filing, the company has not issued any public statement regarding this transaction. Interested parties, including the SEC staff, the issuer, or any security holder of the issuer, can request detailed information about the exact number of shares and the prices at which the transactions were effected.
InvestingPro Insights
Builders FirstSource, Inc.'s (NASDAQ:BLDR) recent insider stock sale by President Michael Hiller has captured the attention of investors seeking to understand the implications for the company's stock performance. In light of this event, InvestingPro provides key insights and data metrics that may help investors gain a clearer picture of the company's financial standing and market sentiment.
The company operates with a moderate level of debt and has liquid assets that exceed its short-term obligations, which suggests a sound financial position to meet its immediate financial needs. Additionally, Builders FirstSource has been recognized as a prominent player in the Building Products industry, which could indicate a strong market presence and potential for growth.
InvestingPro Data shows that Builders FirstSource has a market capitalization of $18.58 billion and a price-to-earnings (P/E) ratio of 12.88, with a slight adjustment in the last twelve months as of Q1 2024 to 12.67. This P/E ratio suggests that the stock may be reasonably valued compared to earnings. The company has experienced a gross profit margin of 34.73% in the same period, highlighting its ability to retain a significant portion of revenue after accounting for the cost of goods sold.
Despite recent stock price volatility, with a 22.31% decline over the last month and a 23.93% fall over the last three months, analysts predict the company will be profitable this year. This forecast aligns with the company's performance over the last twelve months, where it remained profitable.
For investors seeking to delve deeper into Builders FirstSource's potential, InvestingPro offers additional insights, including more InvestingPro Tips. There are 12 more tips available that could provide valuable information for making informed investment decisions. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and explore the full range of expert analysis and tips at https://www.investing.com/pro/BLDR.
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