Builders FirstSource (NYSE:BLDR) Shares Gap Down – Should You Sell?

Shares of Builders FirstSource, Inc. (NYSE:BLDR) gapped down prior to trading on Wednesday . The stock had previously closed at $156.16, but opened at $148.82. Builders FirstSource shares last traded at $150.05, with a volume of 354,029 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stephens raised their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Raymond James assumed coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target for the company. Wedbush reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Barclays decreased their price objective on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, UBS Group assumed coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Trading Down 3.5 %

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business’s 50 day moving average price is $158.22 and its 200-day moving average price is $171.37. The firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $2,099,877,000. FMR LLC lifted its holdings in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Norges Bank purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at about $199,890,000. Baillie Gifford & Co. purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $255,867,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.