Builders FirstSource, Inc. (NYSE:BLDR) Short Interest Down 14.8% in March

Builders FirstSource, Inc. (NYSE:BLDR) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,200,000 shares, a decrease of 14.8% from the March 15th total of 4,930,000 shares. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.8% of the company’s stock are sold short.

Builders FirstSource Price Performance

NYSE:BLDR opened at $115.96 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource has a 52 week low of $110.84 and a 52 week high of $203.14. The firm’s 50-day simple moving average is $129.10 and its 200 day simple moving average is $155.34.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, sell-side analysts predict that Builders FirstSource will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on BLDR shares. BMO Capital Markets cut their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus decreased their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Loop Capital decreased their price target on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and an average price target of $186.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BLDR. Norges Bank acquired a new position in shares of Builders FirstSource in the 4th quarter valued at approximately $199,890,000. Voya Investment Management LLC raised its position in Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company’s stock valued at $202,374,000 after purchasing an additional 899,841 shares in the last quarter. FMR LLC lifted its stake in Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after purchasing an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock valued at $92,891,000 after purchasing an additional 645,746 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after buying an additional 623,583 shares in the last quarter. 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.