Builders FirstSource, Inc. (NYSE:BLDR) Short Interest Up 22.7% in December

Builders FirstSource, Inc. (NYSE:BLDR) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 2,590,000 shares, a growth of 22.7% from the November 30th total of 2,110,000 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 2.0 days.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $0.44 during midday trading on Tuesday, reaching $142.93. 1,102,911 shares of the company traded hands, compared to its average volume of 1,539,176. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. Builders FirstSource has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a fifty day moving average price of $172.13 and a 200 day moving average price of $169.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the business earned $4.24 EPS. On average, analysts expect that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BLDR. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter valued at about $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource in the third quarter worth approximately $30,000. Innealta Capital LLC bought a new position in shares of Builders FirstSource in the second quarter valued at $27,000. Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at $39,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLDR. Bank of America lifted their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada boosted their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 target price for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $210.00.

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.