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

Builders FirstSource, Inc. (NYSE:BLDR)’s share price 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 changing hands.

Analyst Ratings Changes

BLDR has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Truist Financial decreased their target price on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. Robert W. Baird reduced their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and upped their price objective for the company from $153.00 to $200.00 in a report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and an average target price of $196.27.

Builders FirstSource Stock Up 3.5 %

The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $193.98 and a 200-day simple moving average of $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.

Builders FirstSource (NYSE:BLDR) last announced 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%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $2.96 EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the sale, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in Builders FirstSource by 6.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 18,612 shares of the company’s stock valued at $2,317,000 after buying an additional 1,189 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Builders FirstSource by 28.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,717 shares of the company’s stock worth $1,210,000 after purchasing an additional 2,139 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Builders FirstSource by 47.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 81,353 shares of the company’s stock valued at $10,128,000 after purchasing an additional 26,166 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Builders FirstSource by 14.6% during the 3rd quarter. Mackenzie Financial Corp now owns 148,058 shares of the company’s stock worth $17,349,000 after buying an additional 18,898 shares during the last quarter. Finally, Advisor Partners II LLC raised its position in shares of Builders FirstSource by 6.6% during the 3rd quarter. Advisor Partners II LLC now owns 3,421 shares of the company’s stock valued at $426,000 after buying an additional 211 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.