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

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 short-interest ratio is presently 2.5 days. Currently, 3.7% of the company’s shares are sold short.

Institutional Trading of Builders FirstSource

Several hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in shares of Builders FirstSource in the third quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter worth about $33,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter valued at about $34,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $46,000. Finally, Avion Wealth increased its holdings in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BLDR shares. Benchmark dropped their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Finally, BMO Capital Markets cut their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Stock Up 2.8 %

Shares of NYSE BLDR traded up $3.53 during trading on Thursday, hitting $131.82. 306,150 shares of the company traded hands, compared to its average volume of 1,673,747. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 0.80 and a beta of 2.19. The business’s fifty day moving average is $149.00 and its 200 day moving average is $166.56. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a fifty-two week low of $122.49 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Equities research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

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.