Over recent months, key players in the market, including Janus Henderson Group, the Teachers Retirement System of Kentucky, and Atria Investments have increased their holdings in Builders FirstSource Inc. (NYSE: BLDR). Simultaneously, however, the firm's stock fell by 18%, raising concern among investors. Despite this dip, the company beat Q1 earnings estimates, indicating strong performance. Nevertheless, Bank of America lowered their rating of BLDR to 'Neutral'. On another note, short interest in BLDR has decreased by 6.1%, suggesting less market pessimism. There is ongoing speculation on Wall Street regarding the company's intrinsic value, with some suggesting its shares could be undervalued by 34%. Despite mixed reactions to its Q1 earnings, Builders FirstSource has seen a 121% surge in the past year. Recently, the firm acquired Schoeneman's Building Materials Center as a part of its strategic growth. The company plans to host its Q2 2024 financial results conference call and webcast in the near future. Insider selling was also noted recently. Despite these variances, brokerages maintain a 'Moderate Buy' consensus rating, hinting at its potential as a good investment.
Builders Firstsource BLDR News Analytics from Fri, 24 Nov 2023 08:00:00 GMT to Sun, 04 Aug 2024 13:21:12 GMT - Rating 5 - Innovation -1 - Information 8 - Rumor -2
