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

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) was the recipient of 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. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is currently 2.0 days. Approximately 2.3% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, December 16th. Royal Bank of Canada boosted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Truist Financial raised Builders FirstSource from a "hold" rating to a "buy" rating and raised their price target for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Jefferies Financial Group boosted their price objective on Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Bank of America raised their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Price Performance

NYSE BLDR traded down $0.44 during trading on Tuesday, reaching $142.93. 1,103,621 shares of the company traded hands, compared to its average volume of 1,540,210. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.96 and a beta of 2.06. The stock's 50 day moving average price is $171.38 and its two-hundred day moving average price is $169.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the firm earned $4.24 EPS. Builders FirstSource's quarterly revenue was down 6.7% compared to the same quarter last year. As a group, analysts anticipate that Builders FirstSource will post 11.55 EPS for the current year.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. 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 corporate insiders.

Institutional Investors Weigh In On Builders FirstSource

Several large investors have recently made changes to their positions in BLDR. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter valued at $2,099,877,000. FMR LLC grew its holdings in shares of Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock valued at $282,697,000 after buying an additional 277,897 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource in the third quarter valued at about $267,132,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the 3rd quarter worth about $255,867,000. Institutional investors own 95.53% of the company's stock.

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.