Goldman initiated coverage on Builders FirstSource with a new price target
$BLDR
RETAIL: Building Materials
Consumer Discretionary
Goldman initiated coverage of Builders FirstSource with a rating of Buy and set a new price target of $225.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $232.00 | Buy | UBS |
| 10/10/2024 | $225.00 | Buy | Goldman |
| 9/16/2024 | $165.00 → $220.00 | Hold → Buy | Truist |
| 8/7/2024 | $185.00 → $190.00 | Neutral → Outperform | Robert W. Baird |
| 8/2/2024 | $183.00 → $180.00 | Buy → Neutral | BofA Securities |
| 1/29/2024 | $153.00 → $200.00 | Neutral → Buy | BofA Securities |
| 1/19/2024 | $220.00 | Outperform | Oppenheimer |
| 1/4/2024 | $165.00 → $185.00 | Buy → Hold | Truist |
Builders FirstSource, Inc. (NYSE:BLDR) today reported its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: Net sales were $4.2 billion, a 6.7% decrease, driven by lower core organic sales and commodity deflation, partially offset by growth from acquisitions and one additional selling day. Gross profit margin percentage decreased 210 basis points to 32.8%, primarily driven by ongoing Multi-Family and core organic normalization. Net income decreased 36.9% to $284.8 million, or $2.44 per diluted share compared to $3.59 per diluted share in the prior year period, which is a 32.0% decline in net i
Builders FirstSource, Inc. (NYSE:BLDR) ("Builders FirstSource" or the "Company") will host a conference call and webcast on Tuesday, November 5, 2024, to discuss the Company's financial results and other business matters. The teleconference will begin at 8:00 a.m. Central Time and will be hosted by Dave Rush, current President and Chief Executive Officer, Peter Jackson, incoming CEO and current Chief Financial Officer, and Pete Beckmann, incoming CFO and current Senior Vice President, Financial Planning & Analysis. To participate in the teleconference, please dial into the call a few minutes before the start time at 800-245-3047 (U.S. and Canada) or 203-518-9765 (international), Conference
Chief Executive Officer Dave Rush to Retire Peter Jackson Named Chief Executive Officer Pete Beckmann Named Chief Financial Officer Builders FirstSource, Inc. (NYSE:BLDR) announced today that as part of a planned succession, its Board of Directors has named Peter Jackson, Chief Financial Officer, as the Company's next President & Chief Executive Officer and member of its Board of Directors, effective November 6, 2024. Mr. Jackson will succeed Dave Rush, who has served as CEO since November 2022 and is retiring after 25 years of dedicated service to the Company. Mr. Rush will remain on the Builders FirstSource Board of Directors and continue as a special advisor to ensure a smooth transit
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Builders FirstSource (NYSE:BLDR) has outperformed the market over the past 15 years by 13.95% on an annualized basis producing an average annual return of 26.2%. Currently, Builders FirstSource has a market capitalization of $19.53 billion. Buying $100 In BLDR: If an investor had bought $100 of BLDR stock 15 years ago, it would be worth $3,232.93 today based on a price of $160.03 for BLDR at the time of writing. Builders FirstSource's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzing
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume UBER CALL TRADE BULLISH 07/19/24 $70.00 $56.7K 25.3K 12.5K FLR CALL SWEEP BEARISH 11/
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL TRADE BEARISH 10/18/24 $6.00 $1.0 million 20.4K 69.3K CHPT CALL SWEEP BULLISH 08/02/24 $2.5
Builders FirstSource, Inc. (NYSE:BLDR) today reported its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: Net sales were $4.2 billion, a 6.7% decrease, driven by lower core organic sales and commodity deflation, partially offset by growth from acquisitions and one additional selling day. Gross profit margin percentage decreased 210 basis points to 32.8%, primarily driven by ongoing Multi-Family and core organic normalization. Net income decreased 36.9% to $284.8 million, or $2.44 per diluted share compared to $3.59 per diluted share in the prior year period, which is a 32.0% decline in net i
Builders FirstSource, Inc. (NYSE:BLDR) ("Builders FirstSource" or the "Company") will host a conference call and webcast on Tuesday, November 5, 2024, to discuss the Company's financial results and other business matters. The teleconference will begin at 8:00 a.m. Central Time and will be hosted by Dave Rush, current President and Chief Executive Officer, Peter Jackson, incoming CEO and current Chief Financial Officer, and Pete Beckmann, incoming CFO and current Senior Vice President, Financial Planning & Analysis. To participate in the teleconference, please dial into the call a few minutes before the start time at 800-245-3047 (U.S. and Canada) or 203-518-9765 (international), Conference
Builders FirstSource, Inc. (NYSE:BLDR) today reported its results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: Net sales were $4.5 billion, a 1.6% decrease, with core organic sales down 3.8% as Multi-Family continues to trend downward, partially offset by growth from acquisitions and Single Family. Gross profit margin percentage decreased 240 basis points to 32.8%, primarily driven by ongoing normalization, particularly in Multi-Family. Net income decreased 15.0% to $344.1 million, or $2.87 per diluted share compared to $3.16 per diluted share in the prior year period, which is a 9.2% decline in
UBS initiated coverage of Builders FirstSource with a rating of Buy and set a new price target of $232.00
Goldman initiated coverage of Builders FirstSource with a rating of Buy and set a new price target of $225.00
Truist upgraded Builders FirstSource from Hold to Buy and set a new price target of $220.00 from $165.00 previously
Enhances board composition with additional qualifications and experience D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that its Board of Directors (the "Board") has appointed three new independent directors – Barbara R. Smith, M. Chad Crow and Elaine D. Crowley – effective August 26, 2024. As part of the Company's succession planning and commitment to ensuring strong Board composition, the three newly appointed directors each bring valuable experience and insight to the D.R. Horton Board. Each appointee has an excellent professional resume that adds to the qualifications, experiences and characteristics of the Company's current Board composition. Ms. Smith was named
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
DALLAS, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (NYSE:BLDR) ("BFS" or the "Company"), the nation's largest supplier of structural building products and value-added components and services, today announced that its Board of Directors approved an increase to the Company's existing stock repurchase plan in the amount of $1 billion, for a total of approximately $1.5 billion inclusive of the remaining outstanding authorization at the end of the third quarter of 2022. "The Board's decision to increase the buyback program reflects our strong conviction in Builders FirstSource and our strategy to create shareholder value over the long term," said Dave Rush, Builders FirstSo