Builders FirstSource, Inc. (NYSE:BLDR) Short Interest Up 22.7% in December

Builders FirstSource, Inc. (NYSE:BLDR) was the target of a large growth in short interest in 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. Currently, 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 2.0 days.

Insider Buying and Selling

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, 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 this link. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

Large investors have recently made changes to their positions in the business. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $2,099,877,000. FMR LLC raised its stake in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Baillie Gifford & Co. purchased a new stake in Builders FirstSource during the third quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource during the third quarter worth about $255,867,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Builders FirstSource by 339.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after purchasing an additional 911,990 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 0.3 %

Shares of BLDR stock traded down $0.44 on Tuesday, hitting $142.93. The stock had a trading volume of 1,102,911 shares, compared to its average volume of 1,540,207. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The business has a 50 day moving average of $172.13 and a 200 day moving average of $169.12. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm 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%. Builders FirstSource’s quarterly 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 EPS. As a group, analysts expect that Builders FirstSource will post 11.55 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of analyst reports. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, December 16th. The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price on the stock. DA Davidson boosted their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Stephens raised their price objective on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $210.00.

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.