Latest news with #Texas-based
Yahoo
a day ago
- Business
- Yahoo
Builders FirstSource Stock: Is BLDR Underperforming the Industrial Sector?
Valued at a market cap of $11.8 billion, Builders FirstSource, Inc. (BLDR) manufactures and supplies building materials, manufactured components, and construction services. The Irving, Texas-based company serves its products to production builders and small custom homebuilders, as well as multi-family builders, repair and remodeling contractors, and light commercial contractors. Companies valued at $10 billion or more are typically classified as 'large-cap stocks,' and BLDR fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the building products and equipment industry. The company's strengths lie in its industry-leading scale, extensive geographic footprint, and highly diversified product and service portfolio, which allow it to serve a wide range of customers. Its vertically integrated operations and advanced digital solutions further enhance customer experience and operational efficiency. 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! This building materials manufacturer has dipped 47.4% from its 52-week high of $203.14, reached on Sep. 19, 2024. Moreover, shares of BLDR have declined 16.3% over the past three months, considerably lagging behind the Industrial Select Sector SPDR Fund's (XLI) 7.8% uptick during the same time frame. In the longer term, BLDR has fallen 28.5% over the past 52 weeks, significantly underperforming XLI's 15.5% rise over the same time frame. Moreover, on a YTD basis, shares of BLDR are down 25.2%, compared to XLI's 7.9% return. To confirm its bearish trend, BLDR has been trading below its 200-day moving average since early December, 2024, and has remained below its 50-day moving average since late October, 2024, with slight fluctuations. On May 1, shares of BLDR plunged 6.4% after its mixed Q1 earnings release. Due to weaker core organic sales, one fewer selling days, and commodity deflation, the company's overall revenue declined 6% year-over-year to $3.7 billion, marginally missing the consensus estimates. On the other hand, its adjusted EPS of $1.51 fell 43% from the year-ago quarter but topped the analyst expectations by a penny. Lower gross and operating profit margins coupled with a 31.7% year-over-year drop in its adjusted EBITDA to $369.2 million negatively impacted its profitability. BLDR has also lagged behind its rival, Masco Corporation (MAS), which declined 12.2% over the past 52 weeks and 16.1% on a YTD basis. Despite BLDR's recent underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy' from the 19 analysts covering it, and the mean price target of $143.74 suggests a 34.5% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Is Atmos Energy Stock Outperforming the Dow?
Dallas, Texas-based Atmos Energy Corporation (ATO) distributes natural gas. With a market cap of $24.2 billion, the company provides natural gas marketing and procurement services to large customers, as well as manages storage and pipeline assets. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and ATO perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the regulated gas utilities industry. ATO's financial strength stems from operational efficiency, strategic rate management, and infrastructure investments, positioning it for continued financial success and customer service excellence. Forecasts for Sweltering US Heat Lift Nat-Gas Prices Middle East Jitters Underpin Crude Prices Crude Prices Fall on Hopes the Israel-Iran Conflict Will De-Escalate Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Despite its notable strength, ATO shares have slipped 9% from their 52-week high of $167.45, achieved on May 8. Over the past three months, ATO stock has gained 1.2%, underperforming the Dow Jones Industrials Average's ($DOWI) 1.4% gains during the same time frame. In the longer term, shares of ATO rose 9.4% on a YTD basis and climbed 30.3% over the past 52 weeks, outperforming DOWI's YTD marginal losses and 8.6% returns over the last year. To confirm the bullish trend, ATO has been trading above its 200-day moving average over the past year, with minor fluctuations. However, the stock is trading below its 50-day moving average since late May. On May 7, ATO shares closed up marginally after reporting its Q2 results. Its EPS of $3.03 beat Wall Street expectations of $2.92. The company's revenue stood at $2 billion, up 18.4% year over year. ATO expects full-year EPS to be between $7.20 and $7.30. ATO's rival, Southwest Gas Holdings, Inc. (SWX) shares lagged behind the stock, with a 4.6% uptick on a YTD basis and a marginal loss over the past 52 weeks. Wall Street analysts are moderately bullish on ATO's prospects. The stock has a consensus 'Moderate Buy' rating from the 14 analysts covering it, and the mean price target of $162.36 suggests a potential upside of 6.5% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
a day ago
- Business
- Yahoo
Is CenterPoint Energy Stock Outperforming the Nasdaq?
Valued at $23.3 billion by market cap, Houston, Texas-based CenterPoint Energy, Inc. (CNP) operates as a public utility company. It operates through Electric and Natural Gas segments, serving nearly 7 million metered customers in Indiana, Minnesota, Ohio, and Texas. Companies with a market cap of $10 billion or more are categorized as "large-cap stocks." CenterPoint fits this description perfectly, with its market cap exceeding this threshold, reflecting its substantial size and influence in the utility sector. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its strengths, CNP stock has dropped 9.5% from its all-time high of $38.31 touched on May 6. Over the past three months, CNP stock has dipped by a marginal 28 bps, notably underperforming the Nasdaq Composite's ($NASX) 11.7% surge during the same time frame. Nevertheless, CNP's performance has remained much more impressive over the longer term. CNP stock has soared 12.1% on a YTD basis and 14.7% over the past 52 weeks, outpacing Nasdaq's 1.2% uptick in 2025 and 9.4% gains over the past year. To confirm the longer-term bullish trend and recent dip in prices, CNP stock has traded consistently above its 200-day moving average since late September last year and dropped below its 50-day moving average earlier this month. CenterPoint Energy's stock prices rose 1.5% following the release of its mixed Q1 results on Apr. 24. Driven by favorable weather and increased energy usage, the company's overall revenues for the quarter surged 18.3% year-over-year to $1.8 billion, surpassing the consensus estimates by a notable margin. However, due to an increase in financing, maintenance, and operating expenses, the company's margins observed a significant contraction. Its non-GAAP EPS for the quarter dropped 3.6% year-over-year to $0.53, missing the Street's expectations. On a more positive note, CenterPoint has outperformed its peer Dominion Energy, Inc.'s (D) marginal 59 bps uptick in 2025 and 9.6% gains over the past 52 weeks. Among the 18 analysts covering the CNP stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $38.87 suggests a 9.3% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Entertainment
- Yahoo
People Share Names That Perfectly Match Jobs: 'Dentist named Dr. Drewel'
Some people have names so perfectly matched to their jobs, it's hard not to wonder if fate had a hand in it — like the dentist named Dr. Molar or the meteorologist Larry Sprinkle. Coincidence? Probably. Funny? Absolutely. When Tyler Froberg, a Texas-based fifth-generation farmer, and U.S. Army veteran, served in the military, he trained in dive school. There were two supervisors: Sergeant Wazowksi — nicknamed 'Wookie' — and Sergeant Gills. 'I made a joke one time and asked, 'When do we get our cool nicknames?' Froberg recalled.'And Sergeant Gills looked at me and goes, 'What do you mean by that?'' Froberg, 33, had mistakenly assumed that Gills, like Wookie, was short for something more ordinary. 'Imagine you're a diver in the army and your last name is gills!' Froberg says, laughing at the memory. Froberg also knows Trevor Bales, a hay farmer, and Harold Winger, a pigeon breeder. Earlier this year, Froberg invited his TikTok followers to share 'someone whose name fits perfectly with their career choice.' Their responses did not disappoint: A urologist named Dr. Leak, and even a choir teacher named Brenda Music. 'We have a cat scan tech named Catherine Skan. She is literally Cat Skan.' 'Chiropractor in my town is Dr McCracken.' 'My high school cooking teacher was Miss Fish … until she married and became Mrs Baker.' 'Orthodontist in Albuquerque named Dr. Hurt. He's tag line: It's just my name, not my intention.' 'My grandparents were farmers and Farmers.' 'Worked with a woman years ago whose name was Penny Nichols. Then she got married and became Penny Cash. And yes, she worked in the Accounting Department.' 'Dentist named Dr. Drewel.' 'My kids dentist is Dr. Silvertooth.' 'There's a urologist in Toledo named Dick Tapper.' 'Oakland police academy instructor Sgt Sergeant.' 'My mom's best friend was a Barber with the last name Barber.' 'A urologist ... Dr. Brian M. Dicks. 100% serious!! His wife took his name and is a gynecologist!!' 'my podiatrist dr. corn.' 'Surgeon in my hometown named Dr. Cutright.' 'My partner is a litigation attorney. Part of his job is to examine witnesses in court. His last name is Grills.' 'There was a teacher at my high school named Mr. Wood. You guessed it. He taught woodshop.' 'Dr in Houston. Dr Butts. Proctologist.' You can't make this stuff up, and with names like these, you don't have to! This article was originally published on
UPI
a day ago
- Science
- UPI
SpaceX's Starship explodes in pre-flight test
A Starship spacecraft, like the one pictured here, exploded at Starbase, Texas, late Wednesday. Photo by Joe Marino/UPI | License Photo June 19 (UPI) -- A SpaceX heavy-lift Starship launch vehicle exploded late Wednesday during a pre-flight test at Starbase in Texas. The two-stage rocket exploded at about 11 p.m. CT Wednesday as it was preparing for its 10th flight, SpaceX said in a statement on X. Both X and SpaceX are owned by Elon Musk. The Texas-based company said the Starship had "experienced a major anomaly." "A safety clear area around the site was maintained throughout the operation and all personnel are safe and accounted for." Video of the explosion posted online shows the spacecraft was on the ground when it exploded. The spacecraft is seen idling while steam and smoke billow around its base. Then, a large flash is seen followed by a huge fireball being ejected into the air. The cause of the explosion has not been made public. SpaceX said it was working with local authorities at the test site. "There are no hazards to residents in surrounding communities, and we ask that individuals do not attempt to approach the area while safing operations continue," it said. This is a developing story.
