Short Interest in Builders FirstSource, Inc. (NYSE:BLDR) Increases By 20.3%

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 4,150,000 shares, a growth of 20.3% from the February 13th total of 3,450,000 shares. Based on an average daily trading volume, of 1,640,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.7% of the shares of the stock are sold short.

Builders FirstSource Price Performance

Builders FirstSource stock traded down $2.34 during midday trading on Friday, reaching $126.42. 4,153,240 shares of the company were exchanged, compared to its average volume of 1,596,957. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. The firm's 50-day simple moving average is $148.43 and its 200-day simple moving average is $165.97. Builders FirstSource has a 1 year low of $122.49 and a 1 year high of $212.24.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued 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. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at $258,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Builders FirstSource in the third quarter valued at $521,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at $273,000. CIBC Asset Management Inc lifted its holdings in shares of Builders FirstSource by 4.2% in the third quarter. CIBC Asset Management Inc now owns 17,483 shares of the company's stock valued at $3,389,000 after buying an additional 710 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Builders FirstSource by 88.3% in the third quarter. Natixis Advisors LLC now owns 42,142 shares of the company's stock valued at $8,170,000 after buying an additional 19,757 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BLDR. BMO Capital Markets cut their price objective on shares of 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. Wedbush reaffirmed an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Loop Capital dropped their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Barclays reduced their price target 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, Royal Bank of Canada reduced their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $190.72.

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.