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

Builders FirstSource, Inc. (NYSE:BLDR) was the recipient of 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. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.3% of the company’s stock are sold short.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BLDR. Cambridge Investment Research Advisors Inc. lifted its position in Builders FirstSource by 16.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,632 shares of the company’s stock valued at $1,195,000 after buying an additional 1,203 shares during the period. Innealta Capital LLC bought a new position in shares of Builders FirstSource during the second quarter valued at approximately $27,000. iA Global Asset Management Inc. lifted its holdings in shares of Builders FirstSource by 27.1% during the second quarter. iA Global Asset Management Inc. now owns 4,412 shares of the company’s stock valued at $611,000 after purchasing an additional 940 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Builders FirstSource by 1.2% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,246 shares of the company’s stock worth $1,695,000 after buying an additional 151 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Builders FirstSource by 6.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,585 shares of the company’s stock valued at $614,000 after buying an additional 262 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. DA Davidson upped their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. UBS Group started coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Finally, Barclays lifted their price target on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Four 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. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Trading Down 0.1 %

NYSE:BLDR traded down $0.16 during midday trading on Tuesday, reaching $143.21. 690,225 shares of the stock traded hands, compared to its average volume of 1,538,383. The stock has a market capitalization of $16.48 billion, a P/E ratio of 13.99, a PEG ratio of 0.96 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company has a fifty day moving average of $172.13 and a 200 day moving average of $169.12. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70.

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