Builders FirstSource (NYSE:BLDR) Shares Gap Up – What’s Next?

Builders FirstSource, Inc. (NYSE:BLDR)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $83.90, but opened at $89.05. Builders FirstSource shares last traded at $92.0970, with a volume of 841,078 shares changing hands.

Analyst Ratings Changes

BLDR has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Builders FirstSource from $142.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Stephens restated an “equal weight” rating and issued a $125.00 price objective on shares of Builders FirstSource in a research report on Tuesday, March 24th. Jefferies Financial Group reduced their price target on shares of Builders FirstSource from $110.00 to $85.00 and set a “hold” rating for the company in a research report on Monday. Finally, Weiss Ratings downgraded shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $121.39.

Builders FirstSource Stock Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The stock’s 50-day moving average price is $95.50 and its 200-day moving average price is $107.67. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 2.12 and a beta of 1.63.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the business earned $2.31 earnings per share. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.