Builders FirstSource (NYSE:BLDR) Shares Gap Down to $200.88

Shares of Builders FirstSource, Inc. (NYSE:BLDR) gapped down prior to trading on Tuesday . The stock had previously closed at $200.88, but opened at $175.16. Builders FirstSource shares last traded at $175.51, with a volume of 684,245 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BLDR shares. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and increased their target price for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Oppenheimer lifted their price target on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Truist Financial cut their price objective on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.27.

Builders FirstSource Stock Up 3.5 %

The firm’s fifty day simple moving average is $193.98 and its 200-day simple moving average is $169.12. The company has a market cap of $20.65 billion, a PE ratio of 14.12, a P/E/G ratio of 1.22 and a beta of 2.08. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Builders FirstSource’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.96 EPS. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the transaction, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Builders FirstSource by 15.7% during the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after purchasing an additional 1,985,297 shares during the last quarter. Norges Bank acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $212,209,000. Invesco Ltd. boosted its position in Builders FirstSource by 80.8% during the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after purchasing an additional 874,268 shares during the period. Boston Partners increased its holdings in Builders FirstSource by 73.5% in the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after purchasing an additional 578,961 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Builders FirstSource by 30,560.2% in the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock valued at $69,506,000 after purchasing an additional 556,501 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

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.