Builders FirstSource, Inc. (NYSE:BLDR) Sees Significant Growth in Short Interest

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

Builders FirstSource Trading Down 1.2%

NYSE:BLDR traded down $1.04 on Monday, hitting $87.05. 2,405,147 shares of the stock were exchanged, compared to its average volume of 2,459,983. 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 has a 52 week low of $86.18 and a 52 week high of $151.03. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.13 and a beta of 1.56. The company’s 50-day moving average price is $112.46 and its 200 day moving average price is $115.52.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the business posted $2.31 EPS. On average, equities research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Barclays reduced their target price on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Zacks Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Stephens lowered their price target on shares of Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Finally, Benchmark dropped their price objective on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and a consensus price target of $126.65.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the purchase, the director owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their position. The acquisition 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 Trading of Builders FirstSource

Several institutional investors and hedge funds have recently made changes to their positions in BLDR. Integrated Wealth Concepts LLC boosted its position in shares of Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares during the last quarter. Woodline Partners LP increased its holdings in Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,812 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in Builders FirstSource by 59.9% in the second quarter. Campbell & CO Investment Adviser LLC now owns 3,529 shares of the company’s stock valued at $412,000 after purchasing an additional 1,322 shares during the last quarter. National Pension Service lifted its stake in Builders FirstSource by 25.1% in the second quarter. National Pension Service now owns 5,939 shares of the company’s stock valued at $693,000 after buying an additional 1,190 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in Builders FirstSource by 0.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock valued at $1,967,000 after buying an additional 131 shares during the period. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

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.