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

Builders FirstSource, Inc. (NYSE:BLDR) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,150,000 shares, an increase of 20.3% from the February 13th total of 3,450,000 shares. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.7% of the shares of the company are short sold.

Analyst Ratings Changes

BLDR has been the topic of a number of recent research reports. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Loop Capital cut their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Barclays lowered their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. The Goldman Sachs Group reduced their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Royal Bank of Canada decreased their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $190.72.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLDR. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter worth approximately $33,000. Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource during the third quarter worth approximately $46,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $34,000. Finally, Avion Wealth grew its stake in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Trading Down 0.3 %

Shares of NYSE BLDR traded down $0.36 during mid-day trading on Tuesday, hitting $127.79. 1,306,947 shares of the company traded hands, compared to its average volume of 1,583,438. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.80 and a beta of 2.19. The business has a 50 day moving average of $149.31 and a two-hundred day moving average of $166.83. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource has a 1 year low of $122.49 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, sell-side analysts anticipate that Builders FirstSource will post 11.59 earnings per share for the current fiscal 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.