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

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 3,450,000 shares, a decrease of 14.4% from the January 31st total of 4,030,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 2.2 days. Currently, 3.1% of the shares of the stock are sold short.

Builders FirstSource Trading Up 2.7 %

BLDR traded up $3.53 during trading on Wednesday, reaching $133.92. 1,760,242 shares of the company's stock were exchanged, compared to its average volume of 1,574,388. The company's fifty day moving average price is $152.17 and its 200-day moving average price is $169.74. The firm has a market capitalization of $15.22 billion, a PE ratio of 14.78, a P/E/G ratio of 0.80 and a beta of 2.12. Builders FirstSource has a fifty-two week low of $127.45 and a fifty-two week high of $214.70. 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 (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping 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 business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. As a group, equities analysts forecast that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Trading of Builders FirstSource

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BLDR. Barclays lowered their price objective on Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Wedbush reiterated an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Stephens increased their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Loop Capital reduced 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 report on Monday, February 24th. Five 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $190.72.

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.