Builders FirstSource, Inc. (NYSE:BLDR) Short Interest Down 5.2% in March

Builders FirstSource, Inc. (NYSE:BLDRGet Free Report) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,130,000 shares, a drop of 5.2% from the February 29th total of 3,300,000 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 2.5 days.

Insider Buying and Selling

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Builders FirstSource

Hedge funds have recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in Builders FirstSource during the 4th quarter worth about $25,000. Contravisory Investment Management Inc. bought a new position in Builders FirstSource in the 4th quarter valued at $28,000. Rakuten Securities Inc. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at $29,000. Principal Securities Inc. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at $32,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Builders FirstSource by 237.7% during the fourth quarter. Lindbrook Capital LLC now owns 233 shares of the company’s stock valued at $39,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of several analyst reports. upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Barclays boosted their price objective on shares of Builders FirstSource from $195.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. B. Riley upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and raised their price objective for the company from $128.00 to $177.00 in a research note on Wednesday, December 6th. Oppenheimer lifted their price objective on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, BMO Capital Markets raised their price target on shares of Builders FirstSource from $135.00 to $150.00 and gave the stock a “market perform” rating in a research report on Thursday, December 7th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from, the company presently has an average rating of “Moderate Buy” and an average price target of $186.60.

Get Our Latest Report on Builders FirstSource

Builders FirstSource Stock Down 1.6 %

Builders FirstSource stock opened at $205.21 on Tuesday. Builders FirstSource has a fifty-two week low of $84.78 and a fifty-two week high of $214.70. The firm has a market cap of $25.02 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.26 and a beta of 2.04. The firm has a fifty day moving average price of $191.08 and a two-hundred day moving average price of $156.75. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11.

Builders FirstSource (NYSE:BLDRGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. As a group, analysts forecast that Builders FirstSource will post 14.02 earnings per share for the current year.

Builders FirstSource Company Profile

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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.

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