Builders FirstSource Drops 5.7% Amid Sector-Wide Selling
Builders FirstSource, Inc. (BLDR) shares dropped 5.7% to $66.21, as part of a significant Tuesday selloff across the building products sector. This decline, mirrored by other companies like OC, ZWS, AWI, and REZI, indicates broader macroeconomic concerns or shifting demand rather than company-specific issues, prompting investors to reassess the sector's outlook. The synchronized selling suggests investors are recalibrating their expectations for building materials and construction demand.
MAR 13·MarketBeat→
Natixis Advisors LLC Acquires 61,179 Shares of Resideo Technologies, Inc. $REZI
Natixis Advisors LLC significantly increased its stake in Resideo Technologies (NYSE:REZI) by 27.9%, purchasing an additional 61,179 shares to total 280,847 shares valued at $12.13 million. This comes as institutional ownership in Resideo is high at 91.71%, with several other funds also adjusting their positions. Resideo shares are trading down 3.6% at $33.52, with analysts providing a "Hold" consensus and an average price target of $39.67.
MAR 13·MarketBeat→
Resideo Technologies, Inc. (NYSE:REZI) Given Average Recommendation of "Hold" by Brokerages
Five brokerages have given Resideo Technologies, Inc. (NYSE:REZI) an average recommendation of "Hold," with one analyst rating it a "sell," two a "hold," and two a "buy." The consensus twelve-month price target for the stock is $39.6667. Shares recently opened at $33.52, and institutional investors collectively own 91.71% of the company's stock.
