Builders FirstSource Taps CFO Peter Jackson For Top Role As CEO Dave Rush Plans Retirement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2024
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Source: Benzinga
Leadership Changes at Builders FirstSource: Builders FirstSource has appointed Peter Jackson as the new President and CEO, succeeding Dave Rush, who is retiring after 25 years. Pete Beckmann will take over as CFO, effective November 6, 2024.
Financial Performance and Stock Movement: The company reported strong second-quarter earnings of $3.50 per share, exceeding expectations, although sales fell slightly short. Following these announcements, BLDR shares rose by 3.09% to $200.53.
Analyst Views on SMCF
Wall Street analysts forecast SMCF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMCF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.697
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Current: 34.697
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
