Builders FirstSource, Inc.'s (NYSE:BLDR) shares have been the focus of significant market interest with several investment entities reported taking new positions or increasing stakes. Entities include CIBC World Markets Corp, Scout Investments Inc., Tower Research Capital LLC, First Trust Advisors, and ELP. Market analysts generally seem positive about BLDR with an increased intrinsic value estimate and upbeat Q1 earnings and revenue results surpassing estimates. Asset Management firms hallmarking increased investment in BLDR include Belpointe, NEOS, and Rafferty. However, shares faced an 8.3% downturn after the last earnings report and a gap down in share price following an analyst downgrade. A new price target was set at $183.00 by Bank of America. Significant stock selling by insiders and some investments firms such as Stifel Financial Corp, Orion Portfolio Solutions LLC along with an announcement of $1 billion stock buyback added volatility. Yet, bullish trends seem to prevail with continued purchases and positive future speculation.
Builders Firstsource BLDR News Analytics from Fri, 24 Nov 2023 08:00:00 GMT to Sun, 09 Jun 2024 12:57:26 GMT -
Rating 1
- Innovation 0
- Information 7
- Rumor -2
