Short Interest in Builders FirstSource, Inc. (NYSE:BLDR) Grows By 22.7%

Builders FirstSource, Inc. (NYSE:BLDR) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,590,000 shares, a growth of 22.7% from the November 30th total of 2,110,000 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 2.0 days.

Analyst Ratings Changes

BLDR has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America increased their price objective 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. Barclays boosted their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Oppenheimer reissued an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, UBS Group initiated coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

Insider Activity at Builders FirstSource

In other 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 of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cyndeo Wealth Partners LLC raised its position in Builders FirstSource by 3.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after purchasing an additional 56 shares during the period. World Equity Group Inc. raised its holdings in Builders FirstSource by 4.1% during the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after buying an additional 64 shares during the period. HighTower Advisors LLC lifted its position in Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after buying an additional 64 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Builders FirstSource by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after buying an additional 74 shares during the period. Finally, Private Trust Co. NA increased its position in Builders FirstSource by 14.6% during the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after acquiring an additional 82 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

BLDR stock traded down $0.16 during midday trading on Tuesday, hitting $143.21. The company’s stock had a trading volume of 690,225 shares, compared to its average volume of 1,538,383. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. 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 has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a 50 day moving average of $172.13 and a two-hundred day moving average of $169.12.

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