Builders FirstSource, Inc. (NASDAQ:BLDR) Sees Large Increase in Short Interest

Builders FirstSource, Inc. (NASDAQ:BLDR) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 3,488,400 shares, a growth of 21.2% from the April 30th total of 2,877,900 shares. Based on an average trading volume of 942,500 shares, the short-interest ratio is currently 3.7 days. Currently, 3.1% of the shares of the company are sold short.

Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, May 9th. Wedbush set a $18.00 price target on shares of Builders FirstSource and gave the stock a “buy” rating in a research report on Friday, May 3rd. TheStreet upgraded shares of Builders FirstSource from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Finally, ValuEngine lowered shares of Builders FirstSource from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Builders FirstSource has a consensus rating of “Hold” and an average target price of $16.54.

BLDR traded up $0.16 on Thursday, reaching $15.47. The company had a trading volume of 24,140 shares, compared to its average volume of 932,158. The firm has a market capitalization of $1.78 billion, a PE ratio of 8.16, a P/E/G ratio of 1.83 and a beta of 2.05. The company has a quick ratio of 1.02, a current ratio of 1.88 and a debt-to-equity ratio of 2.47. Builders FirstSource has a one year low of $10.15 and a one year high of $19.68.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. Builders FirstSource’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities analysts expect that Builders FirstSource will post 1.67 EPS for the current year.

In other news, Director Floyd F. Sherman sold 149,159 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $16.59, for a total transaction of $2,474,547.81. Following the completion of the transaction, the director now owns 152,809 shares in the company, valued at $2,535,101.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Griffin sold 11,133 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $15.08, for a total transaction of $167,885.64. Following the transaction, the director now owns 36,852 shares of the company’s stock, valued at approximately $555,728.16. The disclosure for this sale can be found here. Insiders have sold 500,146 shares of company stock valued at $8,134,697 in the last 90 days. Insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning grew its position in Builders FirstSource by 7.6% in the 1st quarter. Creative Planning now owns 11,269 shares of the company’s stock valued at $150,000 after buying an additional 800 shares in the last quarter. Stephens Inc. AR lifted its holdings in Builders FirstSource by 10.6% in the 4th quarter. Stephens Inc. AR now owns 11,472 shares of the company’s stock valued at $125,000 after acquiring an additional 1,100 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Builders FirstSource by 59.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock valued at $44,000 after acquiring an additional 1,213 shares during the last quarter. BBT Capital Management LLC lifted its holdings in Builders FirstSource by 5.0% in the 1st quarter. BBT Capital Management LLC now owns 32,080 shares of the company’s stock valued at $428,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Builders FirstSource by 8.3% in the 1st quarter. Janus Henderson Group PLC now owns 20,791 shares of the company’s stock valued at $277,000 after acquiring an additional 1,593 shares during the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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