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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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