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

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

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Builders FirstSource during the second quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of Builders FirstSource during the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource in the third quarter worth about $30,000. First Horizon Advisors Inc. grew its position in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares during the period. Finally, New Millennium Group LLC purchased a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $38,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Down 0.3 %

Shares of NYSE:BLDR traded down $0.54 during midday trading 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 cap of $18.42 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a 50 day moving average price of $181.06 and a 200-day moving average price of $169.14.

Builders FirstSource (NYSE:BLDR) last announced its 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). 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 for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $4.24 EPS. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that Builders FirstSource will post 11.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group started coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Stephens lifted their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Loop Capital boosted their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Barclays upped their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Four investment 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. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $210.00.

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.