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

Builders FirstSource, Inc. (NYSE:BLDR) was the recipient 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. Approximately 3.7% of the shares of the company are sold short. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is presently 2.5 days.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. BMO Capital Markets decreased their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group reduced their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 111 Capital acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $356,000. TFR Capital LLC. bought a new position in Builders FirstSource in the 4th quarter valued at approximately $1,096,000. Park Square Financial Group LLC acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $174,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Builders FirstSource during the fourth quarter worth $6,511,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Builders FirstSource during the fourth quarter worth $196,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded up $3.53 during trading hours on Thursday, hitting $131.82. 306,150 shares of the stock were exchanged, compared to its average volume of 1,673,747. The company’s fifty day simple moving average is $149.00 and its two-hundred day simple moving average is $166.56. The company has a market cap of $14.98 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource has a 1-year low of $122.49 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its 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 return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, sell-side analysts predict that Builders FirstSource will post 11.59 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.