There's major activity around Builders FirstSource (BLDR). Recently, the performance of BLDR dipped more than the wider markets. Q1 earnings and revenues, however, surpassed estimates, despite a disappointing Q1 dictated by multifamily figures. Charles Schwab Investment Management Inc and the National Bank of Canada FI purchased notable stake in BLDR, though its shares were sold by Los Angeles Capital Management LLC and Merit Financial Group LLC. A considerable stock buyback plan was also increased to $1 Billion. Despite a price target cut to $200 by Barclays and $197 by Robert W. Baird, both Wedbush and Barclays retained positive outlooks on BLDR. The firm also successfully navigated market challenges within Q1. It acquired Schoeneman's Building Materials Center and expanded offerings by purchasing CTF. Truist Financial Corp also purchased shares and they announced the offering of $600 Million of Senior Notes due 2034. Past earnings indicate BLDR as a potential growth investment.
Builders Firstsource BLDR News Analytics from Fri, 24 Nov 2023 08:00:00 GMT to Sun, 12 May 2024 19:41:28 GMT -
