Builders FirstSource (BLDR) shares have seen fluctuations, likely attributable to the housing market's volatile growth. Their stocks saw a downslide, but despite this, various firms like
Thompson Siegel & Walmsley LLC and
William Blair Investment Management LLC increased their holdings in BLDR. Growth has been observed over the last five years, delivering significant gains. The firm has been active with acquisitions, such as
Wyoming Millwork, and authorized a
$1 billion share repurchase plan. Although the recent Q1 earnings beat the market expectations, the firm struggled to meet Q2 sales targets. However, the market might be undervaluing BLDR's shares as per intrinsic value estimates. The firm reaffirmed its 2024 guidance, bolstered by a slight sales bump and Texas expansion. Despite mixed 2023 results due to market challenges, the firm displayed promising Q1 2024 earnings and a strength rating upgrade. Q2 2024 results showed earnings exceeding estimates, indicating financial resilience. Mixed analyst insights and insider selling have been noted. The firm recently offered $600 million of
Senior Notes due 2034. Ahead are potential gains, as suggested by their positive 2025 outlook.
Builders Firstsource BLDR News Analytics from Fri, 24 Nov 2023 08:00:00 GMT to Sun, 15 Sep 2024 13:37:05 GMT -
Rating -3
- Innovation 1
- Information 6
- Rumor 2
