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

Builders FirstSource, Inc. (NYSE:BLDR) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 2,740,000 shares, a decrease of 6.2% from the September 30th total of 2,920,000 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 1,510,000 shares, the short-interest ratio is presently 1.8 days.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares of the company’s stock, valued at $14,650,775.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Builders FirstSource

Large investors have recently modified their holdings of the company. Forsta AP Fonden lifted its position in Builders FirstSource by 12.1% during the third 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 in the last quarter. SG Americas Securities LLC lifted its position in Builders FirstSource by 273.0% during the first quarter. SG Americas Securities LLC now owns 62,622 shares of the company’s stock valued at $13,060,000 after purchasing an additional 45,832 shares in the last quarter. Cetera Investment Advisers lifted its position in Builders FirstSource by 762.2% during the first quarter. Cetera Investment Advisers now owns 50,982 shares of the company’s stock valued at $10,632,000 after purchasing an additional 45,069 shares in the last quarter. Janus Henderson Group PLC lifted its position in Builders FirstSource by 21.1% during the first quarter. Janus Henderson Group PLC now owns 20,013 shares of the company’s stock valued at $4,173,000 after purchasing an additional 3,483 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Builders FirstSource by 18.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock valued at $16,055,000 after purchasing an additional 18,223 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.2 %

BLDR traded down $0.41 during trading on Thursday, hitting $172.47. 205,995 shares of the company’s stock traded hands, compared to its average volume of 1,563,400. The company’s 50 day simple moving average is $184.58 and its two-hundred day simple moving average is $168.66. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. Builders FirstSource has a 12-month low of $107.84 and a 12-month high of $214.70. The stock has a market capitalization of $20.08 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 11.48 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the company posted $3.89 earnings per share. Builders FirstSource’s revenue was down 1.6% compared to the same quarter last year. Analysts predict that Builders FirstSource will post 11.68 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a stock buyback program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank of Canada decreased their target price on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price for the company. Barclays increased their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Robert W. Baird upped their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group upped their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.35.

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.