Builders FirstSource, Inc. (NASDAQ:BLDR) Short Interest Update

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Builders FirstSource, Inc. (NASDAQ:BLDR) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 3,070,000 shares, a decline of 12.0% from the December 15th total of 3,490,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.7% of the company’s stock are sold short.

BLDR has been the subject of several analyst reports. Stephens upgraded Builders FirstSource from an “equal” rating to an “overweight” rating and boosted their target price for the stock from $21.00 to $28.00 in a report on Wednesday, October 16th. Seaport Global Securities restated a “buy” rating on shares of Builders FirstSource in a report on Monday, November 4th. BTIG Research initiated coverage on Builders FirstSource in a report on Thursday, December 12th. They issued a “buy” rating and a $31.00 target price for the company. B. Riley boosted their target price on Builders FirstSource from $23.00 to $29.00 in a report on Monday, November 4th. Finally, Deutsche Bank initiated coverage on Builders FirstSource in a report on Wednesday, November 27th. They issued a “buy” rating and a $29.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Builders FirstSource currently has an average rating of “Buy” and a consensus target price of $26.73.

In other news, COO David E. Rush sold 12,000 shares of Builders FirstSource stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $24.53, for a total transaction of $294,360.00. Following the completion of the sale, the chief operating officer now directly owns 54,886 shares in the company, valued at approximately $1,346,353.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Builders FirstSource during the third quarter worth approximately $30,000. HM Payson & Co. acquired a new position in shares of Builders FirstSource during the second quarter worth approximately $34,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Builders FirstSource by 15.7% during the second quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the company’s stock worth $80,000 after buying an additional 645 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Builders FirstSource during the third quarter worth approximately $123,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Builders FirstSource by 16.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,173 shares of the company’s stock worth $148,000 after buying an additional 994 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

BLDR opened at $26.37 on Monday. The business has a 50 day moving average price of $25.42 and a 200 day moving average price of $21.31. Builders FirstSource has a twelve month low of $11.91 and a twelve month high of $26.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.98 and a current ratio of 1.66. The firm has a market cap of $3.04 billion, a P/E ratio of 13.88 and a beta of 1.90.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. Builders FirstSource had a return on equity of 37.03% and a net margin of 3.17%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, analysts anticipate that Builders FirstSource will post 2.04 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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