Short Interest in Builders FirstSource, Inc. (NYSE:BLDR) Expands By 22.0%

Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 3,160,000 shares, a growth of 22.0% from the December 31st total of 2,590,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.8% of the shares of the company are short sold.

Builders FirstSource Trading Up 0.3 %

Shares of NYSE:BLDR traded up $0.49 during mid-day trading on Tuesday, hitting $163.40. The stock had a trading volume of 1,364,533 shares, compared to its average volume of 1,586,611. The company's 50 day moving average is $160.96 and its 200-day moving average is $171.50. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market cap of $18.80 billion, a PE ratio of 15.96, a P/E/G ratio of 0.92 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its 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). The business 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 business's quarterly 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, sell-side analysts predict that Builders FirstSource will post 11.52 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BLDR shares. UBS Group assumed coverage on Builders FirstSource in a report on Friday, October 25th. They set a "buy" rating and a $232.00 price target on the stock. Wedbush restated an "outperform" rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. StockNews.com lowered shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Barclays dropped their target price on Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Finally, Robert W. Baird increased their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and an average price target of $205.71.

Insider Buying and Selling

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred 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 directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Builders FirstSource

A number of large investors have recently made changes to their positions in BLDR. Brooklyn Investment Group acquired a new position in Builders FirstSource in the 3rd quarter valued at approximately $28,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the third quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $33,000. Reston Wealth Management LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth $39,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Builders FirstSource during the third quarter valued at $46,000. Institutional investors and hedge funds 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.