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
Company Research
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) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Decoding Builders FirstSource Inc (BLDR): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
- Builders FirstSource, Inc. (NYSE: BLDR) had its price target raised by analysts at Stephens from $178.00 to $200.00. They now have an "overweight" rating on the stock.MarketBeat
- Builders FirstSource, Inc. (NYSE: BLDR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Jim Cramer on Builders FirstSource, Inc. (BLDR): ‘They Need Rates To Go Lower To Have A Lot Of Business To Be Reignited' [Yahoo! Finance]Yahoo! Finance
BLDR
Earnings
- 11/5/24 - Miss
BLDR
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 8-K
- 11/12/24 - Form 8-K/A
- BLDR's page on the SEC website