Empowered Funds LLC and Yousif Capital Management LLC have reduced their holdings in Builders FirstSource, Inc., while Fiera Capital Corp and other institutions increased their stakes. Various brokers recommend investing in Builders FirstSource stocks, despite expectations of a Q4 decline in its earnings, and Wall Street analysts give it a 'moderate buy' rating. Builders FirstSource has outperformed the stock market recently but experiences instances of decreased performance. It has announced its Q4 2024 earnings call, planned a CEO and CFO transition and is acquiring Alpine Lumber. Goldman Sachs maintains a Buy rating for Builders FirstSource and has adjusted its price target from $220 to $200. The company is expected to continue normalizing in 2025 but faces issues with slowing growth in the housing market. It recently acquired Wyoming Millwork, expanded in Texas, and insiders have reportedly sold some of their stock. Its stock price increased by 7.99% on November 25. It has authorized a $1 billion share repurchase and is set to further expand through two acquisitions.
Builders Firstsource BLDR News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 18:04:46 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 2
