IRVING, Texas--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) announced that on February 21, 2024, its Board of Directors authorized the repurchase of up to $1.0 billion of the Company’s outstanding shares of common stock, inclusive of the approximately $200 million remaining outstanding in the prior share repurchase plan authorized in April 2023. “ The Board’s increased share repurchase authorization reflects our strong conviction in the Company’s strategy, operating model, and ability to genera ...

13 For Immediate Release • The Company repurchased $1.8 billion of shares in 2023, reducing its total shares outstanding by 12.2% in 2023. Peter Jackson, CFO of Builders FirstSource, added, "Our fourth quarter and full year results demonstrate the effectiveness of our operating model through the cycle. Our fortress balance sheet, strong cash flow Three Months Ended Twelve Months Ended | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------| ...

The market price of our common stock historically has experienced and may continue to experience significant price fluctuations similar to those experienced by the broader stock market in recent years. For example, between January 1, 2023, and December 31, 2023, the closing price of our common stock on the NYSE ranged from $65.35 to $170.56 per share. In addition, the price of our common stock may fluctuate significantly in response to various factors, including: • actual or anticipated fluctuations in our ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Builders FirstSource (BLDR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Builders FirstSource is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #11 ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-a ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Builders FirstSource (BLDR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Builders FirstSource currently ...

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 ...