The Latest Breaking News from BLDR

The bear market has been brutal. Given the trend in inflation and weakening economy, it's unlikely to end soon. For investors, the best strategy is to use the adverse market conditions to scoop up stocks that have a long-term history of compounding earnings. Therefore, investors should consider buying Builders FirstSource…

The bear market provides an opportunity for investors to buy shares of high-quality companies at attractive valuations. Below are 3 such stocks that investors should consider buying during this market correction: Elevance Health (ELVH), Pfizer (PFE), and Builders FirstSource (BLDR).

Builders FirstSource (NYSE:BLDR) has outperformed the market over the past 5 years by 18.44% on an annualized basis producing an average annual return of 31.57%. Currently, Builders FirstSource has a market capitalization of $11.23 billion.

Builders FirstSource (NYSE:BLDR) has outperformed the market over the past 10 years by 20.67% on an annualized basis producing an average annual return of 33.4%. Currently, Builders FirstSource has a market capitalization of $11.07 billion.

Rising input costs amid deepening supply chain disruptions have been perplexing construction and infrastructure companies of late. However, rising infrastructure activity and increasing investments in the space should drive the industry’s growth. Therefore, we think the stocks of fundamentally sound infrastructure companies Builders FirstSource (BLDR), A. O. Smith (AOS), Axalta…

Builders FirstSource (NYSE:BLDR) has outperformed the market over the past 5 years by 26.46% on an annualized basis.

Builders FirstSource Inc (NYSE:BLDR) reported fourth-quarter FY21 sales growth of 83% year-on-year, to $4.63 billion, beating the consensus of $4.29 billion. The company attributed the sales growth to the merger with BMC, double-digit organic growth, and commodity inflation. Net sales rose 23.7% compared to the combined pro forma prior-year period. The gross profit…

Builders FirstSource, Inc. (NYSE:BLDR) Board authorized a repurchase of $1 billion of its common shares. Under the completed share repurchase programs authorized in August and November of 2021, a total of 30.6 million shares were repurchased at an aggregate cost of $2 billion or an average price of $65.43 per share. The company…