Builders FirstSource (BLDR) has been attracting substantial attention in recent times. Of note, there has been a recent change in its short interest and it is seen as a key stock for success by notable investor Jim Cramer. Enhancing its position, BLDR has acquired
Wyoming Millwork, a strategic move signaling expansion. Despite this, some key shareholders like BNP Paribas Asset Management and Zurcher Kantonalbank have reduced holdings in BLDR. In recent times, the stock experienced a dip after its Q1 earnings report, yet it beat Q2 earnings estimates, proving its resilience. Despite remarkable gains of 147% in the past year, there were times when it underperformed the overall market. Some analysts are bullish, seeing potential value in BLDR shares even though there is an acknowledgment of disappointing Q1 results attributed to multifamily weight. Notably, the firm exceeded expectations and is anticipated to surpass earnings estimates again based on Wall Street's bullish views. Furthermore, BLDR authorized a
$1 billion share repurchase plan. Despite its mixed performance, various financial analysts consider BLDR a good investment, while its shares continue to hit fresh highs.
Builders Firstsource BLDR News Analytics from Fri, 24 Nov 2023 08:00:00 GMT to Sun, 01 Sep 2024 09:57:00 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 1
