Builders FirstSource (NYSE:BLDR) Shares Gap Down to $149.65

Builders FirstSource, Inc. (NYSE:BLDR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $149.65, but opened at $138.93. Builders FirstSource shares last traded at $149.43, with a volume of 129,396 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Bank of America lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $183.00 to $180.00 in a report on Friday. Robert W. Baird dropped their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Jefferies Financial Group raised their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Barclays dropped their price objective on shares of Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price of $188.57.

Builders FirstSource Stock Up 5.5 %

The business’s 50-day moving average is $150.23 and its two-hundred day moving average is $173.73. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 2.57 and a beta of 2.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.96 earnings per share. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 12.91 earnings per share for the current year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the transaction, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the sale, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Builders FirstSource

A number of large investors have recently bought and sold shares of BLDR. Strategic Financial Concepts LLC bought a new stake in Builders FirstSource during the 2nd quarter worth about $162,000. Illinois Municipal Retirement Fund grew its stake in Builders FirstSource by 16.2% in the second quarter. Illinois Municipal Retirement Fund now owns 121,852 shares of the company’s stock valued at $16,866,000 after purchasing an additional 17,011 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Builders FirstSource by 2,437.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 20,302 shares of the company’s stock worth $2,810,000 after purchasing an additional 19,502 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Builders FirstSource by 107.3% during the 2nd quarter. Private Advisor Group LLC now owns 9,999 shares of the company’s stock worth $1,384,000 after purchasing an additional 5,176 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Builders FirstSource by 37.0% during the 2nd quarter. Victory Capital Management Inc. now owns 386,446 shares of the company’s stock worth $53,488,000 after purchasing an additional 104,326 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.