Short Interest in Builders FirstSource, Inc. (NYSE:BLDR) Grows By 22.0%

Builders FirstSource, Inc. (NYSE:BLDR) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,160,000 shares, an increase of 22.0% from the December 15th total of 2,590,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.8% of the shares of the company are sold short.

Insider Buying and Selling

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors have recently bought and sold shares of the stock. Miracle Mile Advisors LLC acquired a new position in shares of Builders FirstSource in the fourth quarter worth about $405,000. JPMorgan Chase & Co. boosted its stake in Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after purchasing an additional 58,436 shares during the period. Oak Thistle LLC acquired a new position in Builders FirstSource in the 4th quarter worth approximately $1,136,000. Forsta AP Fonden raised its stake in Builders FirstSource by 12.1% during the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after purchasing an additional 2,900 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Builders FirstSource by 38.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after purchasing an additional 56,009 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 2.1 %

BLDR stock opened at $164.09 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market cap of $18.88 billion, a PE ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70. The firm has a 50 day simple moving average of $163.99 and a 200 day simple moving average of $169.54.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.24 earnings per share. Equities research analysts forecast that Builders FirstSource will post 11.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 target price for the company. DA Davidson increased their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. UBS Group assumed coverage on Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, Stephens lifted their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Company Profile

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.