Short Interest in Builders FirstSource, Inc. (NYSE:BLDR) Increases By 18.4%

Builders FirstSource, Inc. (NYSE:BLDR) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 6,603,493 shares, an increase of 18.4% from the February 26th total of 5,576,445 shares. Based on an average trading volume of 3,009,664 shares, the short-interest ratio is currently 2.2 days. Approximately 6.1% of the company’s stock are sold short.

Builders FirstSource Trading Up 4.3%

Shares of NYSE:BLDR traded up $3.42 during trading on Tuesday, hitting $82.27. 2,146,829 shares of the company’s stock were exchanged, compared to its average volume of 2,562,824. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The firm has a market cap of $9.10 billion, a P/E ratio of 21.20, a PEG ratio of 1.90 and a beta of 1.56. The firm has a 50-day moving average price of $104.21 and a two-hundred day moving average price of $111.01. Builders FirstSource has a 1-year low of $78.55 and a 1-year high of $151.03.

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

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the purchase, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. Caitong International Asset Management Co. Ltd grew its stake in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the period. Cromwell Holdings LLC boosted its holdings in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in Builders FirstSource during the third quarter worth about $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth about $38,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource during the 2nd quarter worth about $38,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BLDR shares. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Jefferies Financial Group cut their price target on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Barclays reduced their price objective on Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. The Goldman Sachs Group lowered their price target on shares of Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, Weiss Ratings lowered shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $126.65.

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.