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

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) gapped down before the market opened 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 trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on BLDR. Barclays upped their price objective on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Jefferies Financial Group raised their price objective on Builders FirstSource from $226.00 to $237.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. StockNews.com upgraded Builders FirstSource from a "hold" rating to a "buy" rating in a research note on Wednesday, February 21st. Oppenheimer increased their target price on Builders FirstSource from $220.00 to $242.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Finally, Bank of America raised Builders FirstSource from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $153.00 to $200.00 in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $199.79.

Builders FirstSource Price Performance

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 firm's fifty day moving average price is $195.69 and its two-hundred day moving average price is $168.78. The stock has a market capitalization of $19.86 billion, a PE ratio of 13.58, a PEG ratio of 1.22 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. On average, equities analysts predict that Builders FirstSource, Inc. will post 13.83 earnings per share for the current year.

Insider Buying and Selling

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company's stock, valued at $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Builders FirstSource in the 4th quarter worth about $28,000. Rakuten Securities Inc. purchased a new stake in shares of Builders FirstSource during the 4th quarter valued at about $29,000. Rock Creek Group LP bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $30,000. Finally, BluePath Capital Management LLC purchased a new position in Builders FirstSource in the third quarter worth about $31,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

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.