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

Builders FirstSource, Inc. (NYSE:BLDR) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,150,000 shares, an increase of 20.3% from the February 13th total of 3,450,000 shares. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is currently 2.5 days. Approximately 3.7% of the shares of the company are short sold.

Builders FirstSource Trading Down 0.3 %

NYSE BLDR traded down $0.36 on Tuesday, reaching $127.79. The company had a trading volume of 1,306,947 shares, compared to its average volume of 1,583,438. Builders FirstSource has a 52 week low of $122.49 and a 52 week high of $214.70. The stock’s 50 day moving average is $149.31 and its 200-day moving average is $166.83. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Equities analysts predict that Builders FirstSource will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BLDR shares. Raymond James reaffirmed an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Wedbush reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Barclays decreased their price objective on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, Benchmark dropped their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Institutional Investors Weigh In On Builders FirstSource

Several hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter worth about $34,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource during the third quarter worth about $46,000. Finally, Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.