Builders FirstSource BLDR has been a key focus in the investment world, with mixed opinions about its performance. The company recently acquired Alpine Lumber, aiming to enhance its revenue by $500 million. It faced a decline after Q4 revenue estimates were missed but recovered when it exceeded profit estimates despite experiencing reduced profit levels. Many institutions are investing, including Invesco Ltd. and Resona Asset Management Co., while others such as Cerity Partners and California Public Employees Retirement System reduced their stakes. Russell Investments Group, meanwhile, has a hefty investment surpassing $35 million in BLDR stock. Moreover, News of a CEO and CFO transition and the appointment of new board members brought mixed reactions. Despite a new 52-week low, some Wall Street analysts believe BLDR is a good investment, while others have suggested selling off the stock. Barlcays and Jefferies reduced their price target while JPMorgan Chase lowered investment. Nevertheless, BLDR's stocks have shown resilience to underlying earnings growth over the last five years. It is posited that Builders FirstSource could be an undervalued stock ready for a rebound.
Builders Firstsource BLDR News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Sat, 12 Apr 2025 11:15:08 GMT -
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- Innovation -4
- Information 7
- Rumor -3
