Builders FirstSource, Inc. (NASDAQ:BLDR) Short Interest Update

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Builders FirstSource, Inc. (NASDAQ:BLDR) was the recipient of a significant growth in short interest in 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. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 942,500 shares, the days-to-cover ratio is presently 3.7 days.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Wedbush set a $18.00 price objective on shares of Builders FirstSource and gave the company a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, May 9th. ValuEngine raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Buckingham Research assumed coverage on shares of Builders FirstSource in a research report on Monday, February 25th. They issued a “neutral” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.54.

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

A number of large investors have recently added to or reduced their stakes in BLDR. Acadian Asset Management LLC bought a new position in Builders FirstSource during the fourth quarter worth about $30,000. PNC Financial Services Group Inc. increased its position in Builders FirstSource by 2,338.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock worth $37,000 after acquiring an additional 3,250 shares during the period. Meeder Asset Management Inc. increased its position in Builders FirstSource by 59.0% during the first quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock worth $44,000 after acquiring an additional 1,213 shares during the period. First Quadrant L P CA bought a new position in Builders FirstSource during the first quarter worth about $80,000. Finally, Blueshift Asset Management LLC bought a new position in Builders FirstSource during the fourth quarter worth about $118,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BLDR traded down $0.01 during mid-day trading on Wednesday, reaching $15.31. 706,500 shares of the company’s stock were exchanged, compared to its average volume of 968,981. Builders FirstSource has a one year low of $10.15 and a one year high of $19.68. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 1.83 and a beta of 2.05. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.88.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm earned $0.24 earnings per share. Builders FirstSource’s revenue for the quarter was down 4.1% compared to the same quarter last year. Sell-side analysts anticipate that Builders FirstSource will post 1.67 EPS for the current year.

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Builders FirstSource Company Profile

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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