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Benzinga
Benzinga
Business
Akanksha Bakshi

Builders FirstSource Plans New $1B Stock Buyback

BLDR NYSE
  • Builders FirstSource, Inc. (NYSE:BLDR) Board authorized a repurchase of $1 billion of its common shares.
  • Under the completed share repurchase programs authorized in August and November of 2021, a total of 30.6 million shares were repurchased at an aggregate cost of $2 billion or an average price of $65.43 per share.
  • The company had ~176.8 million shares outstanding as of February 17, 2022.
  • Price Action: BLDR shares are trading higher by 3.03% at $71.14 on the last check Friday.
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