Builders Firstsource Stock News

The Federal Reserve launched the first of several expected interest rate cuts in its September meeting, making a larger-than-anticipated half-percentage-point reduction. The real estate market, plagued by issues including insufficient supply relative to surging demand and mortgage rates that have risen dramatically since their COVID-era lows, stands to benefit from the rate cut.

Peter Jackson, who has worked at Builders FirstSource for seven years, will be the next CEO of the company.

IRVING, Texas--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) announced today that as part of a planned succession, its Board of Directors has named Peter Jackson, Chief Financial Officer, as the Company's next President & Chief Executive Officer and member of its Board of Directors, effective November 6, 2024. Mr. Jackson will succeed Dave Rush, who has served as CEO since November 2...

BLDR's strategy is to continue to make acquisitions, have a strong balance sheet, buyback shares, and generate high free cash flow. The company is using significant cash flow to repurchase shares, retiring roughly 40% of shares over the past 3 years. Management is transforming the business from a non-value-added seller of housing materials to a value-added housing supplier.

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.

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.

FREDERICKSBURG, Va.--(BUSINESS WIRE)--The JIAN Group is pleased to announce that it represented Wyoming Millwork Co. in the sale of its company to Builders FirstSource. Founded in 1994, Wyoming Millwork Co. is the leading independent lumber and building material distributor in Delaware. Wyoming Millwork Co. has always focused on providing the best service to its incredible customers across the ...

Major U.S. equities indexes climbed in the week's final trading session as Federal Reserve Chair Jerome Powell reinforced expectations that lower interest rates are on the horizon.