May. 20 at 8:42 PM
Builders FirstSource rose 7.3% in afternoon trading to
$71.20 after hitting a 52-week low of
$65.10 earlier, as oversold conditions triggered bargain buying following weeks of declines tied to weak Q1 results. Q1 2026 adjusted EPS came in at
$0.27, about 31% below estimates, while revenue of
$3.29B beat expectations but fell 10.1% year over year; management cited weak single-family housing demand, smaller project sizes, and margin pressure, and responded with facility consolidation, productivity efforts, and a cut to full-year guidance.
Despite volatility, the stock is drawing renewed institutional attention, with DNB Asset Management increasing its stake by 89.3% in the latest 13F filing and some analysts viewing the name as potentially undervalued amid insider buying and leadership changes. The company also named Mike Hiller interim COO ahead of Steve Herron’s planned retirement on 31.12.2026, while shareholders approved board re-election.
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