Short Interest in Builders FirstSource, Inc. (NYSE:BLDR) Grows By 22.0%

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on BLDR. Stephens raised their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group initiated coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. Loop Capital upped their price objective on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Barclays decreased their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

A number of large investors have recently bought and sold shares of BLDR. Choreo LLC acquired a new stake in shares of Builders FirstSource in the second quarter worth $224,000. Envestnet Asset Management Inc. grew its position in shares of Builders FirstSource by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 146,248 shares of the company’s stock valued at $20,242,000 after purchasing an additional 12,693 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Builders FirstSource by 28.4% during the second quarter. Mutual of America Capital Management LLC now owns 43,230 shares of the company’s stock worth $5,983,000 after buying an additional 9,563 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Builders FirstSource by 9.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,879 shares of the company’s stock worth $260,000 after acquiring an additional 159 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Builders FirstSource by 0.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after acquiring an additional 74 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

BLDR stock traded up $3.43 during trading on Friday, reaching $164.09. 1,833,420 shares of the company’s stock were exchanged, compared to its average volume of 1,693,384. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The firm has a market cap of $18.88 billion, a PE ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. The company’s fifty day moving average price is $164.27 and its 200-day moving average price is $169.09. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

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

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.