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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BLDR shares. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 8th. UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Royal Bank of Canada upped their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Raymond James assumed coverage on Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target for the company. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Stock Performance

The firm’s fifty day moving average price is $157.69 and its 200 day moving average price is $171.23. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12.

Hedge Funds Weigh In On Builders FirstSource

Several large investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after acquiring an additional 740,214 shares during the last quarter. Mountaineer Partners Management LLC acquired a new position in shares of Builders FirstSource in the third quarter worth $2,099,877,000. Invesco Ltd. increased its position in shares of Builders FirstSource by 1.2% during the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock worth $322,105,000 after acquiring an additional 26,314 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Builders FirstSource by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock valued at $319,898,000 after acquiring an additional 77,666 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after purchasing an additional 623,583 shares during the period. 95.53% of the stock is currently 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.