Short Interest in Builders FirstSource, Inc. (NYSE:BLDR) Decreases By 6.1%

Builders FirstSource, Inc. (NYSE:BLDR) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 2,920,000 shares, a decline of 6.1% from the June 30th total of 3,110,000 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average daily trading volume, of 2,040,000 shares, the days-to-cover ratio is presently 1.4 days.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wedbush lowered their price objective on shares of Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Bank of America lowered their target price on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Finally, Jefferies Financial Group boosted their price target on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average target price of $190.87.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Builders FirstSource by 15.7% in the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after purchasing an additional 1,985,297 shares during the period. Norges Bank bought a new position in Builders FirstSource in the 4th quarter worth approximately $212,209,000. Boston Partners increased its position in Builders FirstSource by 73.5% in the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after acquiring an additional 578,961 shares during the period. Bessemer Group Inc. raised its stake in Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after acquiring an additional 448,407 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Builders FirstSource by 152.9% during the 4th quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock worth $81,628,000 after acquiring an additional 295,643 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 0.2 %

Shares of NYSE:BLDR opened at $167.37 on Thursday. The company’s fifty day moving average is $150.72 and its two-hundred day moving average is $173.86. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. Builders FirstSource has a 1-year low of $105.24 and a 1-year high of $214.70. The stock has a market capitalization of $20.43 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 2.70 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the firm earned $2.96 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource will post 12.93 EPS for the current year.

About Builders FirstSource

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.