Builders FirstSource Inc. has seen major fluctuations in its stock. A significant number of shares were bought by entities like the ING Groep NV, Mizuho Securities USA LLC, Victory Capital Management Inc., Baillie Gifford & Co., and Jag Capital Management LLC, among others. This stock has however also experienced significant sales from entities like Empowered Funds LLC, Plato Investment Management Ltd, and Entropy Technologies LP. Third-quarter earnings missed expectations with a drop in sales, despite strong margins. This could potentially signal challenges in the housing market affecting
BLDR. Still, Builders FirstSource has strategically strengthened its position. Despite soft revenue in Q3, Builders FirstSource’s stock resilience, a product of its solid SWOT analysis, shows promise. Some insiders have sold stock, indicating potential trouble, and there was also a planned CEO and CFO transition. This stock's Price to Earnings ratio insights and resilience in the market make it a notable investment with recent upgrades by entities like Stock News. With a recent authorization of a $1 billion share repurchase plan, an increase from a previous price target to $200, and plans for expansion, the future for Builders FirstSource looks steady.
Builders Firstsource BLDR News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 16 Nov 2024 15:03:50 GMT -
Rating 3
- Innovation 2
- Information 7
- Rumor -3
