Builders FirstSource (NYSE:BLDR) Shares Gap Down - Time to Sell?

Shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) 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

BLDR has been the topic of a number of research reports. Wedbush reiterated an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Royal Bank of Canada upped their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. UBS Group assumed coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a "buy" rating and a $232.00 target price on the stock. Stephens boosted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Four investment 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 company's stock. According to data from MarketBeat, Builders FirstSource has an average rating of "Moderate Buy" and a consensus target price of $205.71.

Builders FirstSource Price Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market cap of $17.71 billion, a P/E ratio of 15.03, a P/E/G ratio of 0.89 and a beta of 2.12. The company's 50 day simple moving average is $156.79 and its 200 day simple moving average is $171.00.

Institutional Investors Weigh In On Builders FirstSource

Large investors have recently made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter worth $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter worth $34,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource during the third quarter worth $39,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource during the third quarter worth $46,000. 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.