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

Builders FirstSource, Inc. (NYSE:BLDR) shares gapped down before the market opened 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 Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Royal Bank of Canada upped their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Raymond James initiated coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They set an “outperform” rating and a $180.00 price target for the company. Finally, Wedbush reaffirmed an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Stock Performance

The stock’s fifty day moving average is $158.22 and its two-hundred day moving average 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. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Institutional Investors Weigh In On Builders FirstSource

A number of large investors have recently added to or reduced their stakes in BLDR. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter valued at $2,099,877,000. FMR LLC grew its holdings in Builders FirstSource by 45.7% during the 3rd 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 acquired a new stake in Builders FirstSource during the 4th quarter valued at $199,890,000. Baillie Gifford & Co. bought a new position in Builders FirstSource during the 3rd quarter valued at $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource during the 3rd quarter valued at $255,867,000. 95.53% of the stock is 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.