V Square Quantitative Management has bought 1866 shares of
Builders FirstSource (NYSE:BLDR) whilst
American Trust and Comerica Bank reportedly sold shares. The stock has experienced variation, with some increases and considerable decreases. A notable upturn of 8.9% was recorded, but the stock is reportedly down by 8.3% since their last earnings report.
Bridgeway Capital Management LLC and
Northern Trust Corp also sold off shares, while
Brightline Capital Management LLC,
Grayhawk Investment Strategies Inc., and
Ossiam invested in the company amidst the market fluctuations. Despite Q1 earnings and revenues surpassing estimates, the company's stock saw some decline. Some claim the shares could be 34% below their intrinsic value estimate. Furthermore, Builders FirstSource reported first quarter 2024 results and reaffirmed 2024 Guidance. Meanwhile, the company’s stock has had a positive run over the past year, surging up to 147% and leaving the investors who invested five years ago up 995%. Thus, the shares are viewed as a viable option for value investors, increasing its attractiveness for investment.
Builders FirstSource has also reported mixed results amid market challenges and launched an offering of $600 million of Senior Notes due 2034.
Builders Firstsource BLDR News Analytics from Fri, 24 Nov 2023 08:00:00 GMT to Sun, 16 Jun 2024 09:53:50 GMT -
Rating 5
- Innovation 4
- Information 4
- Rumor 0
