Short Interest in Builders FirstSource, Inc. (NYSE:BLDR) Drops By 7.5%

Builders FirstSource, Inc. (NYSE:BLDR) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,110,000 shares, a decrease of 7.5% from the November 15th total of 2,280,000 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on BLDR shares. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Barclays upped their target price on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer reiterated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Stock Down 0.3 %

Shares of NYSE:BLDR traded down $0.54 on Tuesday, hitting $160.03. 1,468,146 shares of the company’s stock were exchanged, compared to its average volume of 1,531,736. The company has a market capitalization of $18.42 billion, a PE ratio of 15.64, a P/E/G ratio of 0.96 and a beta of 2.06. Builders FirstSource has a 1-year low of $130.75 and a 1-year 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 firm’s 50-day moving average is $181.06 and its 200 day moving average is $169.14.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.24 earnings per share. Sell-side analysts predict that Builders FirstSource will post 11.55 EPS for the current year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’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 transaction of $1,784,100.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Builders FirstSource

Large investors have recently bought and sold shares of the stock. Cyndeo Wealth Partners LLC grew its holdings in shares of Builders FirstSource by 3.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after buying an additional 56 shares in the last quarter. World Equity Group Inc. boosted its position in Builders FirstSource by 4.1% during the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock worth $316,000 after acquiring an additional 64 shares during the last quarter. HighTower Advisors LLC grew its stake in Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after acquiring an additional 64 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Builders FirstSource by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after acquiring an additional 74 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.