|Bid||12.07 x 1000|
|Ask||15.00 x 800|
|Day's Range||12.51 - 12.97|
|52 Week Range||10.15 - 20.79|
|Beta (3Y Monthly)||2.56|
|PE Ratio (TTM)||7.26|
|Earnings Date||May 7, 2019 - May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.33|
Zacks.com featured expert Kevin Matras highlights: American Airlines, Atlas Air Worldwide, C&J Energy Services, Builders FirstSource and Dana
Moody's Investors Service ("Moody's") withdrew the B3 rating assigned to Builders FirstSource, Inc.'s ("BLDR") proposed 6.625% senior secured notes due 2027. BLDR terminated the exchange offer since it did not meet the minimum issuance condition of $200 million aggregate principal amount of proposed notes. BLDR's B2 Corporate Family Rating, B2-PD Probability of Default Rating, SGL-2 Speculative Grade Liquidity Rating, and B3 rating assigned to its senior secured term loan maturing in 2024 and Notes due 2024 are not impacted.
Building products company Builders FirstSource Inc. has terminated its offer to exchange old notes for new notes because the company has not met the minimum issuance condition.
In this column we are going to revisit the housing market and some potentially undervalued equities serving that market. The home builders, after a dreadful fourth quarter, bounced back hard through January and most of February. The sector was helped by the drop in the average of 30-year mortgage rates from just over 5% last summer to right around 4.5% currently.
Builders FirstSource, Inc. (the “Company”) (BLDR) today announced that it has terminated its offer to exchange up to $400 million aggregate principal amount of its 5.625% Senior Secured Notes due 2024 (the "Old Notes") for newly issued 6.625% Senior Secured Notes due 2027 (the “New Notes”), upon the terms and conditions set forth in the Confidential Offering Circular dated March 5, 2019 (the "Exchange Offer"). The Exchange Offer was terminated following the early tender time and ahead of its scheduled expiration time because the Company has not met and does not expect to meet the minimum issuance condition of $200 million aggregate principal amount of New Notes.
Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at theRead More...
Moody's Investors Service ("Moody's") assigned a B3 rating to Builders FirstSource, Inc.'s ("BLDR") proposed 6.625% senior secured notes due 2027. The company announced an exchange offer for its existing $750 million ($675.9 million currently outstanding) 5.625% senior secured notes due 2024 for a like amount (or for up to $400 million) of the new 6.625% Notes due 2027. All other terms and conditions of proposed notes will be similar to BLDR's existing Notes due 2024, and will rank pari passu to the remaining amount of Notes due 2024 and to the company's senior secured term loan maturing in 2024, both of which are rated B3.
Builders FirstSource, Inc. (the “Company”) (BLDR) today announced that it has commenced an offer to exchange up to $400 million aggregate principal amount of its 5.625% Senior Secured Notes due 2024 (the "Old Notes") on a par-for-par basis for eligible holders who tender prior to the Early Tender Time, and for $950 per $1,000 principal amount for eligible holders who tender after the Early Tender Time but prior to the Expiration Time. In exchange, eligible holders will receive newly issued 6.625% Senior Secured Notes due 2027 (the “New Notes”), upon the terms and conditions set forth in the Confidential Offering Circular dated March 5, 2019 (the "Exchange Offer").
DALLAS, Feb. 28, 2019 -- Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the fourth quarter ending December 31, 2018. Commenting on the results,.
The end of February will be a busy period for homebuilder investors given a number of forthcoming economic releases and earnings reports. The following is what investors need to know, according to Wedbush's ...
Builders FirstSource (BLDR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investorideas.com, a leading investor news resource covering construction, homebuilder and real estate stocks releases a snapshot looking at companies in the sector whose financials reflect steady organic growth expectations for 2019. In recent news, Dodge Data & Analytics (https://www.construction.com) released its 2019 Dodge Construction Outlook which predicts that total US construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018. An indicator of the global outlook bullishness was the Sika $2.5 billion Parex acquisition, the biggest deal in the European sector since July 2015.
Builders FirstSource Inc NASDAQ/NGS:BLDRView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for BLDR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding BLDR totaled $2.27 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Today we'll evaluate Builders FirstSource, Inc. (NASDAQ:BLDR) to determine whether it could have potential as an investment idea. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will Read More...
DALLAS, Jan. 08, 2019 -- Builders FirstSource, Inc. (Nasdaq: BLDR) will hold a conference call and webcast on Friday, March 1st, to discuss the company's fourth quarter 2018.
In this article I am going to calculate the intrinsic value of Builders FirstSource, Inc. (NASDAQ:BLDR) by taking the expected future cash flows and discounting them to today's value. I Read More...
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]