Builders FirstSource, Inc. (NASDAQ:BLDR) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 2,972,100 shares, a growth of 18.1% from the June 30th total of 2,517,400 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.7% of the company’s shares are sold short.

BLDR traded down $0.51 on Wednesday, reaching $18.70. The company’s stock had a trading volume of 63,537 shares, compared to its average volume of 1,017,916. The firm has a market cap of $2.22 billion, a PE ratio of 9.90 and a beta of 2.03. Builders FirstSource has a 1 year low of $10.15 and a 1 year high of $20.30. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.96 and a current ratio of 1.69. The firm has a 50 day moving average of $17.41.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Builders FirstSource had a return on equity of 39.63% and a net margin of 3.05%. Builders FirstSource’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. Research analysts anticipate that Builders FirstSource will post 1.81 earnings per share for the current year.

A number of equities research analysts have recently issued reports on BLDR shares. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, May 9th. ValuEngine lowered Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Wedbush set a $18.00 target price on Builders FirstSource and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Buckingham Research increased their target price on Builders FirstSource from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

In other news, COO David E. Rush sold 2,351 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $19.48, for a total value of $45,797.48. Following the completion of the sale, the chief operating officer now owns 42,886 shares in the company, valued at $835,419.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert C. Griffin sold 11,133 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $15.08, for a total value of $167,885.64. Following the completion of the sale, the director now owns 36,852 shares of the company’s stock, valued at approximately $555,728.16. The disclosure for this sale can be found here. Insiders have sold 238,677 shares of company stock valued at $4,551,135 over the last 90 days. 2.20% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Builders FirstSource by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 11,238,263 shares of the company’s stock worth $189,477,000 after buying an additional 828,343 shares during the last quarter. BlackRock Inc. lifted its holdings in Builders FirstSource by 3.8% during the 2nd quarter. BlackRock Inc. now owns 8,462,144 shares of the company’s stock worth $142,670,000 after buying an additional 311,490 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Builders FirstSource by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,542,510 shares of the company’s stock worth $38,649,000 after buying an additional 182,727 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Builders FirstSource by 84.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock worth $29,822,000 after buying an additional 807,400 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Builders FirstSource by 5,299.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,730,830 shares of the company’s stock worth $28,126,000 after buying an additional 1,698,775 shares during the last quarter. 90.22% of the stock is currently owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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