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.
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.
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.
See Also: Portfolio Manager
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.