A Bloomberg article from early February about Vanguard stock picks caught my attention recently.The article stated that Vanguard has quietly been using machine learning for several of its actively managed mutual funds. In fact, it’s got $13 billion in assets under management in these funds. Scott Rodemer, head of factor-based strategies at Vanguard, said:“What we want to do here is represent the process that we believe in, which is a fundamentally driven quant process. With this kind of multitude of effects ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Builders FirstSource (BLDR) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Feb ...

Builders FirstSource (BLDR) ended the recent trading session at $187.12, demonstrating a +0.97% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.33%, and the technology-centric Nasdaq decreased by 0.3%.The construction supply company's stock has climbed by 10.72% in the past month, exceeding the Retail-Wholesale sector's gain of 6.89% and the S&P 500's gain of 5.78%.The investment community will ...

Builders FirstSource (BLDR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this construction supply company have returned +7.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The Zacks Building Products - Retail industry, to which Builders FirstSource belongs, has gained 4.5% over this period. Now the key question is: Where could the stock be h ...

The latest trading session saw Builders FirstSource (BLDR) ending at $178.18, denoting a -1.42% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.Prior to today's trading, shares of the construction supply company had gained 13.12% over the past month. This has outpaced the Retail-Wholesale sector's gain of 5.56% and the S&P 500's gain of 4.59% in that time.Ana ...

In the latest market close, Builders FirstSource (BLDR) reached $165.32, with a -1.4% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw an increase of 0.36%.Shares of the construction supply company have depreciated by 0.58% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.71% and the S&P 500's gain of 2.4%.Analysts and inv ...

Builders FirstSource (BLDR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this construction supply company have returned -0.6% over the past month versus the Zacks S&P 500 composite's +2.4% change. The Zacks Building Products - Retail industry, to which Builders FirstSource belongs, has remained unchanged over this period. Now the key question is: Where could the stock be h ...

IRVING, Texas--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host a conference call and webcast on Thursday, February 22, 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, Chief Executive Officer, and Peter Jackson, Chief Financial Officer. To participate in the teleconference, please dial into the call a few minutes before the start t ...

Financial Data and Key Metrics Changes - The company reported net sales of $4.5 billion, with organic sales decreasing by 14% due to a 19% decline in single-family demand and commodity deflation of approximately 9% [164][168] - Gross profit was $1.6 billion, a decrease of approximately 22% compared to the prior year, with gross margins at 34.9%, down 10 basis points [129][135] - Adjusted EBITDA was approximately $813 million, down 31%, with an adjusted EBITDA margin of 17.9%, up 90 basis points sequentially [130][135] Business Line Data and Key Metrics Changes - Multifamily sales grew by over 6%, driven by recent acquisitions and favorable margins, while R&R and other categories grew by over 1% [128][122] - Value-added products represented 51% of net sales, increasing 6 percentage points since the last Investor Day [165] Market Data and Key Metrics Changes - The company noted that the West region showed a relative bounce, while parts of Texas flattened, and there was a nice uptick in the North Central markets [65] - The overall market has stabilized, with discrepancies between strong and weak markets closing [65] Company Strategy and Development Direction - The company continues to invest in value-added solutions through organic growth and M&A, aiming to enhance its market position and achieve a leading role in desirable markets [120][121] - The focus remains on expanding the value-added product mix and launching digital tools to improve efficiency in the building process [138][141] Management's Comments on Operating Environment and Future Outlook - Management anticipates a slowdown in multifamily projects due to market digestion and cost of capital considerations, but expects a temporary pause rather than a halt [158][71] - The company remains confident in its ability to generate resilient financial performance across various housing market conditions [152][155] Other Important Information - The company has repurchased approximately 1.7 million shares for $224 million during the third quarter, maintaining a strong balance sheet [149][150] - The company expects full-year 2023 net sales to be between $16.8 billion and $17.1 billion, with adjusted EBITDA forecasted at $2.7 billion to $2.8 billion [169] Q&A Session Summary Question: Can you discuss the multifamily market outlook and the potential for declines? - Management acknowledged a potential downturn in multifamily starts, with some industry participants predicting declines of 30% to 40% next year, but emphasized the underlying housing demand need [68][71] Question: What are the key factors driving the midpoint difference in free cash flow for 2024? - The company indicated that when the business shrinks, it releases a significant amount of working capital, impacting cash flow [80] Question: How is the company positioned to achieve outperformance in 2024? - Management highlighted the focus on value-added products and digital tools to enhance efficiency and customer service as key drivers for outperformance [85][88]

Footnote OUTPERFORM TODAY. TRANSFORM TOMORROW. Q3 2023 Earnings Presentation D A V E R U S H , C E O P E T E R J A C K S O N , C F O N O V E M B E R 1 , 2 0 2 3 Cautionary Notice This presentation includes financial measures and terms not calculated in accordance with accounting principles generally accepted in the United States ("GAAP") in order to provide investors with an alternative method for assessing our operating results in a manner that enables investors to more thoroughly evaluate our current perf ...