Builders FirstSource, Inc (BLDR) manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States.
It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.
The company also offers gypsum, roofing, and insulation products, including wallboards, ceilings, joint treatments, and finishes; and siding, metal, and concrete products, such as vinyl, composite, and wood siding products, as well as exterior trims, other exteriors, metal studs, and cement products.
In addition, it provides other building products and services, such as cabinets and hardware, as well as turn-key framing, shell construction, design assistance, and professional installation services.
On August 1st, BLDR reported 2nd Quarter June 2022 earnings of $6.26 per share on revenue of $6.9 billion. The consensus earnings estimate was $3.00 per share on revenue of $5.6 billion. Revenue grew 24.2% on a year-over-year basis. SHares have formed a bullish "cup and handle" and shares are expected to move higher from this formation.
Entry Point: $69.00
Trading Range: $47.86 to $86.48
Stop Loss: $65.50
Target Price: $76.50
BLDR closed at $63