BLDR Stock Recent News
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Builders FirstSource (BLDR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Stocks soared on Friday after Federal Reserve Chair Jerome Powell signaled the central bank may be ready to resume cutting interest rates at its next policy meeting in September.
Jessica Inskip expects Jackson Hole this week to be a big market mover. She also sees a potential path for interest rates during the meeting adding momentum to the homebuilder space, including Builders FirstSource (BLDR).
Zacks.com users have recently been watching Builders FirstSource (BLDR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
IRVING, Texas--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) announced today the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, TX. The Company will maintain its primary listing on the New York Stock Exchange and trade with the same “BLDR” ticker symbol on NYSE Texas. Peter Jackson, CEO of Builders FirstSource, commented: “We are pleased to be among the founding members listed on the NYSE Texas. This dual.
Auto dealers Asbury (ABG) and AutoNation (AN) offer resilient, cash-generative models with strong parts/service profits and attractive free cash flow yields versus the S&P 500. Builders FirstSource (BLDR) benefits from a structural housing shortage, improved margins, and significant buybacks, offering long-term growth despite near-term softness and cyclical headwinds. Core Natural Resources (CNR) and Warrior Met Coal (HCC) are poised for robust free cash flow as global met coal demand rises, with strong balance sheets and operational leverage post-merger and project completion.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Recently, Zacks.com users have been paying close attention to Builders FirstSource (BLDR). This makes it worthwhile to examine what the stock has in store.
Builders FirstSource, Inc. demonstrates resilience with strong liquidity and strategic management, despite ongoing housing market softness and declining revenues. The valuation remains stretched; the stock is still expensive relative to historical averages and my updated DCF and P/B targets. Technical indicators show some bullish momentum, but overbought signals and weak buying volume suggest caution.