Builders FirstSource (BLDR) PT Lowered to $178 at RBC Capital

Go back to Builders FirstSource (BLDR) PT Lowered to $178 at RBC Capital

Builders FirstSource (BLDR) PT Lowered to $169 at DA Davidson

August 7, 2024 5:12 AM EDT

DA Davidson analyst Steven Chercover lowered the price target on Builders FirstSource (NYSE: BLDR) to $169.00 (from $185.00) while maintaining a Neutral rating.

The analyst comments "Shares of BLDR outperformed on the day, in our view primarily due to certain comments around 2025 gross margins... More

Builders FirstSource (BLDR) PT Lowered to $182 at Barclays

August 7, 2024 2:51 AM EDT

Barclays analyst Matthew Bouley lowered the price target on Builders FirstSource (NYSE: BLDR) to $182.00 (from $188.00) while maintaining a Overweight rating.... More

Baird Upgrades Builders FirstSource (BLDR) to Outperform

August 7, 2024 2:06 AM EDT

Baird analyst David Manthey upgraded Builders FirstSource (NYSE: BLDR) from Neutral to Outperform with a price target of $190.00 (from $185.00).

The analyst comments: "With guidance reset and key headwinds/overhangs (multi-family sales/margin normalization and downsizing of single-family starts) set to... More

Builders FirstSource (BLDR) Tops Q2 EPS by 47c, provides guidance

August 6, 2024 7:03 AM EDT

Builders FirstSource (NYSE: BLDR) reported Q2 EPS of $3.50, $0.47 better than the analyst estimate of $3.03. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.48 billion.

GUIDANCE:

Builders FirstSource sees FY2024 revenue of $16.4-17.2 billion,... More

Builders FirstSource (BLDR) Announces $1B Share Buyback

August 6, 2024 7:00 AM EDT

Builders FirstSource, Inc. (NYSE: BLDR) announced that on August 5, 2024, its Board of Directors authorized the repurchase of up to $1.0 billion of the Companys outstanding shares of common stock.

After completing nearly $1 billion of share repurchases in the second quarter, the Boards announcement of a new share repurchase authorization reflects our strong conviction in the Companys strategy, operating model, and fortress balance sheet underpinned by robust free cash flow generation, especially considering our confidence in... More