Builders FirstSource, Inc. (NYSE:BLDR) Short Interest Update

Builders FirstSource, Inc. (NYSE:BLDR) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 3,160,000 shares, an increase of 22.0% from the December 15th total of 2,590,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.8% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of research analyst reports. DA Davidson raised their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Raymond James began coverage on shares of Builders FirstSource in a report on Friday. They issued an “outperform” rating and a $180.00 price objective for the company. Bank of America upped their target price on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Wednesday, January 8th. Finally, StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Trading Up 2.1 %

Shares of Builders FirstSource stock traded up $3.43 during trading hours on Friday, reaching $164.09. The stock had a trading volume of 1,833,420 shares, compared to its average volume of 1,693,384. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. Builders FirstSource has a 1 year low of $130.75 and a 1 year high of $214.70. 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 firm has a 50 day simple moving average of $164.27 and a two-hundred day simple moving average of $169.09.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.24 EPS. As a group, equities research analysts anticipate that Builders FirstSource will post 11.55 earnings per share for the current year.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BLDR. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource in the 3rd quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource in the third quarter valued at approximately $39,000. Brown Brothers Harriman & Co. acquired a new stake in Builders FirstSource in the third quarter valued at approximately $46,000. Finally, Friedenthal Financial purchased a new stake in shares of Builders FirstSource during the third quarter valued at approximately $50,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.