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Builders FirstSource rallies after chairman discloses share purchase

ReutersMar 17, 2026 5:47 PM

Builders FirstSource BLDR.N shares up 4.8% at $91.20 on Tues after chairman boosts stake in building materials and products supplier

A regulatory filing late Mon showed board chairman Paul Levy bought 50,000 shares at avg price of $87.73 worth about $4.4 mln on March 13

Levy's direct stake went to ~1.73 mln shares, or ~1.6% of co's ~110.61 mln shares outstanding

Insider buying is generally perceived by investors as a strongly bullish signal, indicating that execs believe a firm's stock is undervalued or that future performance will exceed expectations

A month ago, Irving, Texas-based BLDR forecast 2025 profit margin below consensus as continued weakness in housing construction and affordability constraints weighed

BLDR shares extended their slump in late Feb after gloomy comments from home-improvement retailers Lowe's LOW.N and Home Depot HD.N

Even with advance on Tues, BLDR shares down ~11% YTD, well underperforming 7% gain in S&P 500 Industrials .SPLRCI

Avg rating of 25 analysts is "buy"; median PT of $125 implies ~37% upside to currrent levels, per LSEG

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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