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

Builders FirstSource, Inc. (NYSE:BLDR) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 5,576,445 shares, a growth of 18.7% from the February 12th total of 4,698,707 shares. Approximately 5.1% of the company’s shares are short sold. Based on an average daily trading volume, of 2,122,556 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily trading volume, of 2,122,556 shares, the days-to-cover ratio is presently 2.6 days. Approximately 5.1% of the company’s shares are short sold.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Builders FirstSource

Several hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after buying an additional 2,812 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of Builders FirstSource by 59.9% during the second quarter. Campbell & CO Investment Adviser LLC now owns 3,529 shares of the company’s stock worth $412,000 after buying an additional 1,322 shares in the last quarter. National Pension Service raised its position in Builders FirstSource by 25.1% in the 2nd quarter. National Pension Service now owns 5,939 shares of the company’s stock valued at $693,000 after buying an additional 1,190 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in Builders FirstSource by 0.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock valued at $1,967,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.2%

BLDR traded down $1.04 during trading on Monday, reaching $87.05. The company had a trading volume of 2,405,147 shares, compared to its average volume of 2,459,983. The company has a market cap of $9.63 billion, a P/E ratio of 22.44, a PEG ratio of 2.13 and a beta of 1.56. Builders FirstSource has a 12 month low of $86.18 and a 12 month high of $151.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The business’s fifty day moving average price is $112.46 and its 200 day moving average price is $115.52.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the company earned $2.31 EPS. The firm’s revenue was down 12.1% on a year-over-year basis. Equities analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a report on Friday, February 20th. UBS Group decreased their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Robert W. Baird lowered their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Stifel Nicolaus dropped their price objective on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Royal Bank Of Canada upgraded Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 target price on the stock in a report on Thursday, March 5th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.65.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.