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

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

Builders FirstSource Price Performance

NYSE BLDR traded down $2.90 on Friday, reaching $169.81. The company’s stock had a trading volume of 607,259 shares, compared to its average volume of 1,546,758. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm’s 50 day moving average is $162.15 and its two-hundred day moving average is $171.20. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The stock has a market cap of $19.54 billion, a PE ratio of 16.52, a PEG ratio of 0.92 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last announced 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the business earned $4.24 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource will post 11.52 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays dropped their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Stephens raised their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer restated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued 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.

Insider Buying and Selling at Builders FirstSource

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 transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Builders FirstSource

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in shares of Builders FirstSource by 2,621.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,524 shares of the company’s stock valued at $218,000 after purchasing an additional 1,468 shares during the period. Truist Financial Corp increased its stake in Builders FirstSource by 8.7% in the 4th quarter. Truist Financial Corp now owns 13,876 shares of the company’s stock valued at $1,983,000 after buying an additional 1,112 shares during the period. CIBC Asset Management Inc increased its stake in Builders FirstSource by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 17,925 shares of the company’s stock valued at $2,562,000 after buying an additional 442 shares during the period. Baillie Gifford & Co. lifted its position in Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after buying an additional 285,458 shares in the last quarter. Finally, Mountain Lake Investment Management LLC boosted its stake in shares of Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after buying an additional 2,367 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.