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

Builders FirstSource, Inc. (NYSE:BLDR) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 5,576,445 shares, an increase of 18.7% from the February 12th total of 4,698,707 shares. Based on an average trading volume of 2,122,556 shares, the short-interest ratio is currently 2.6 days. Approximately 5.1% of the shares of the stock are short sold. Approximately 5.1% of the shares of the stock are short sold. Based on an average trading volume of 2,122,556 shares, the short-interest ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BLDR. William Blair began coverage on shares of Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating for the company. BMO Capital Markets reduced their target price on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group decreased their price target on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. DA Davidson decreased their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Finally, Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.65.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

A number of hedge funds and other institutional investors have recently bought and sold shares of BLDR. Caitong International Asset Management Co. Ltd grew its position in shares of Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in 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. bought a new position in Builders FirstSource in the 3rd quarter worth about $34,000. CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the 2nd quarter worth about $38,000. Finally, MUFG Securities EMEA plc purchased a new position in Builders FirstSource during the 2nd quarter valued at about $38,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR traded up $3.64 on Tuesday, hitting $90.66. 2,909,947 shares of the stock traded hands, compared to its average volume of 2,580,392. The business’s fifty day moving average is $112.05 and its two-hundred day moving average is $115.18. Builders FirstSource has a 12 month low of $86.18 and a 12 month high of $151.03. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.10 and a beta of 1.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86.

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

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.