Builders FirstSource (BLDR) closed the most recent trading day at $196.71, moving +1.92% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.77% for the day. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.87%. The construction supply company's stock has climbed by 5.29% in the past month, falling short of the RetailWholesale sector's gain of 5.56% and outpacing the S&P 500's gain of 4.87%. The investment com ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying BLDR stock? Here's what analysts think: Builders FirstSource Inc has a consensus price target of $182.26 based on the ratings of 21 analysts. The high is $230 issued by Loop Capital on September 20, 2024. The low is $68 issued by DA Davidson on November 9, 2022. The 3 most-recent analyst ratings were r ...

The latest trading session saw Builders FirstSource (BLDR) ending at $193.86, denoting a -0.2% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.42%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.38%. The the stock of construction supply company has risen by 11.64% in the past month, leading the RetailWholesale sector's gain of 6.34% and the S&P 500's gain of 2.06%. Investors will be eagerly watching for the performance of Builders FirstSourc ...

Federal Reserve Interest Rate Cut - The Federal Reserve initiated a half-percentage-point interest rate cut in September, which was larger than expected, aimed at benefiting the real estate market [1] - Following the Fed's announcement, 30-year fixed-rate mortgage rates fell to just over 6.1%, the lowest in two years, incentivizing homeowners to sell and first-time buyers to make offers [2] Impact on Homebuilding Companies - Homebuilding companies are expected to benefit from lower financing costs for construction and land development, potentially increasing new home production and alleviating housing shortages [3] - D.R. Horton, the largest U.S. residential construction company, reported a diluted EPS of $4.10, a 5% year-over-year increase, with a focus on entry-level homes [4] - Analysts project nearly 10% earnings growth for D.R. Horton, which has seen its stock rise over 73% this year, indicating potential for further growth despite its $62 billion market size [5] Installed Building Products and Strategic Expansion - Installed Building Products, specializing in insulation and waterproofing, reported a 44.9% return on equity and is undergoing a strategic expansion, including the acquisition of Euroview, expected to add $20 million in annual revenue [6] Builders FirstSource Performance - Builders FirstSource, a supplier of materials for home construction, experienced a revenue decline of 1.6% and a net income drop of 15% year-over-year, primarily due to a slowdown in multi-family homebuilding [7] - Single-family home construction is projected to grow in the single digits this year, with a significant increase in single-family housing starts reported in August [8] Credit Market Conditions - Prior to the Fed's rate cut, U.S. homebuilders faced a 10% year-over-year reduction in lending, marking the most significant credit crunch in a decade, which may improve with lower rates [9]

Company Performance - Builders FirstSource (BLDR) ended the latest trading session at $193.01, reflecting a -1.43% adjustment from the previous day's close, underperforming the S&P 500 which gained 0.25% [1] - Over the past month, shares of Builders FirstSource have increased by 11%, outperforming the Retail-Wholesale sector's gain of 5.28% and the S&P 500's gain of 1.65% [1] Upcoming Earnings - Builders FirstSource is expected to report an EPS of $3.10, indicating a 26.89% decline from the same quarter last year, with a revenue forecast of $4.47 billion, representing a 1.51% decrease compared to the prior year [2] - For the annual period, the Zacks Consensus Estimates predict earnings of $11.68 per share and revenue of $16.82 billion, reflecting declines of -19.95% and -1.6% respectively from the previous year [3] Analyst Estimates and Valuation - Recent changes to analyst estimates for Builders FirstSource suggest a correlation with near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3][4] - Builders FirstSource currently has a Zacks Rank of 3 (Hold), with a recent 1.97% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - The company is trading at a Forward P/E ratio of 16.77, which is lower than the industry average of 19.42, suggesting it is trading at a discount [6] Industry Context - Builders FirstSource has a PEG ratio of 11.56, significantly higher than the industry average PEG ratio of 3.32, indicating a disparity in expected earnings growth [7] - The Building Products - Retail industry, to which Builders FirstSource belongs, has a Zacks Industry Rank of 204, placing it in the bottom 20% of over 250 industries [8]

The most recent trading session ended with Builders FirstSource (BLDR) standing at $194.52, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Shares of the construction supply company witnessed a gain of 18.12% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 4.15% and the S&P 500's gain of 1.57% ...

A month has gone by since the last earnings report for Builders FirstSource (BLDR) . Shares have added about 10.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Builders FirstSource due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Builders FirstSource's Q2 Earning ...

When trying to figure out where the economy is going (let alone the stock market), investors often throw a handful or three indicators to keep track of without knowing which is accurate and which is not. So, to keep all the noise out, investors can trust the data tested by one of Wall Street's best investors, Stanley Druckenmiller. He has quoted that, as recently as the beginning of COVID-19, two sectors can provide investors with a reliable gauge to give the Federal Reserve a run for its money in predictin ...

Economic Indicators - Stanley Druckenmiller identifies real estate and transportation sectors as reliable indicators for predicting economic and market movements [2][3] - Homebuilding stocks and trucking companies are highlighted as key areas of focus within these sectors [3] Homebuilder Industry - The iShares U.S. Home Construction ETF (ITB) is currently priced at $117.72, reflecting a decline of 2.69% [4] - Goldman Sachs projects a 5% earnings per share (EPS) growth for the S&P 500 over the next 12 months, with a forward P/E valuation of 18.0x [4] - The homebuilder industry shows a valuation multiple of 10.9x, significantly below the S&P 500, indicating potential economic weakness [5] - Building permits and housing starts have decreased by approximately 8.5% over the past year, signaling a lack of strength in the financial system [6] - Insider selling has been observed in Toll Brothers, with a consensus price target of $144.7 indicating the stock is fairly valued [6][7] - PulteGroup has seen 9% of new orders canceled, with a consensus price target of $133.1 showing limited upside potential [8][9] - Builders FirstSource also reports insider selling and a 21.2% increase in short interest, reflecting negative sentiment [10] Transportation Sector - The iShares U.S. Transportation ETF (IYT) is currently priced at $66.80, down 0.70% [12] - Knight-Swift Transportation is forecasted to have an EPS growth of 134.8%, with a price target of $62, indicating an 18.3% upside [12][13] - FedEx is expected to see a 10.7% EPS growth, with a price target of $359, representing a 20.2% upside [13] - GXO Logistics has a potential EPS growth of 20.4%, with a consensus price target of $67.45, indicating a 34.8% upside [14]

Momentum refers to how far a stock's price has moved in a given time. For the most part, stocks stay within their average or typical range. If the price exceeds this range, the stock is considered to be overbought. Three popular momentum indicators on the following chart show that shares of Builders FirstSource, Inc. BLDR are overbought. This is why it's our Stock of the Day. It's important to know when a stock is overbought. These stocks tend to reverse and move lower. But traders need to exercise caution. ...