Why We're Buying More Shares of This Housing Play [TheStreet.com]
Builders FirstSource, Inc. (BLDR)
Last builders firstsource, inc. earnings: 4/30 04:15 pm
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US:NASDAQ Investor Relations:
investors.bldr.com
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Source: TheStreet.com
Coming off of Tuesday's quarterly earnings report, earlier today we added to the Portfolio's position in Builders FirstSource BLDR , keeping our long-term $235 price target and our One rating. While the shares are trading off some today, as we see it, the company is making the right moves to grow its scope and scale for when homebuilder demand rebounds, reducing costs now to reap the benefits when those volumes rebound. That's exactly what a company tied to a cyclical end market should be doing. Factor in the company's multi-billion buyback program that should limit potential downside (more on that below), we opted to use the favorable risk-to-reward setup in the shares. After today's move, we still have some additional room to scale up the Portfolio's position size as the Fed moves monetary policy to a more neutral footing and signs of a pick-up in housing activity emerge. Despite the top-line shortfall for its September quarter and the revised revenue outlook for 2024 to $16.25
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BLDR
News
- Builders FirstSource, Inc. (NYSE: BLDR) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $230.00 price target on the stock.MarketBeat
- Here is What to Know Beyond Why Builders FirstSource, Inc. (BLDR) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- Builders FirstSource, Inc. (NYSE: BLDR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- What Makes Builders FirstSource (BLDR) a Prospective Investment? [Yahoo! Finance]Yahoo! Finance
- Builders FirstSource, Inc. (NYSE: BLDR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
BLDR
Earnings
- 11/5/24 - Miss
BLDR
Sec Filings
- 12/13/24 - Form 4
- 12/10/24 - Form 4
- 12/3/24 - Form 4
- BLDR's page on the SEC website