Short Interest to Follow: What’s Propelling Builders Firstsource Incorporated (NASDAQ:BLDR) After Higher Shorts Reported?

November 25, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest to Follow: What’s Propelling Builders Firstsource Incorporated (NASDAQ:BLDR) After Higher Shorts Reported?

The stock of Builders Firstsource Incorporated (NASDAQ:BLDR) registered an increase of 8.29% in short interest. BLDR’s total short interest was 11.52 million shares in November as published by FINRA. Its up 8.29% from 10.64 million shares, reported previously. With 1.37 million shares average volume, it will take short sellers 8 days to cover their BLDR’s short positions. The short interest to Builders Firstsource Incorporated’s float is 16.4%. The stock increased 1.89% or $0.22 during the last trading session, hitting $11.83. About 323,626 shares traded hands. Builders FirstSource, Inc. (NASDAQ:BLDR) has declined 6.37% since April 22, 2016 and is downtrending. It has underperformed by 11.78% the S&P500.

Builders FirstSource, Inc. is a supplier and maker of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The company has a market cap of $1.34 billion. The Company’s operating divisions include Northeast, Southeast, South and West. It has a 10.7 P/E ratio. It offers solution to its clients providing manufacturing, supply and installation of a range of structural and related building products.

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.42, from 1.39 in 2016Q1. The ratio turned negative, as 26 funds sold all Builders FirstSource, Inc. shares owned while 43 reduced positions. 29 funds bought stakes while 67 increased positions. They now own 89.38 million shares or 3.82% more from 86.09 million shares in 2016Q1.
The New York-based Art Advsrs Ltd Company has invested 0.18% in Builders FirstSource, Inc. (NASDAQ:BLDR). Westfield Cap Mgmt L P last reported 3.33 million shares in the company. Weiss Multi, a Alabama-based fund reported 26,286 shares. Roystone Management L P holds 1.44% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 2.04 million shares. Pictet Asset Limited accumulated 0.03% or 558,693 shares. Rail last reported 600,992 shares in the company. Ancient Art Lp holds 2.17% or 1.08 million shares in its portfolio. Envestnet Asset Management accumulated 0% or 1,466 shares. Tudor Corp Et Al holds 0.07% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 280,071 shares. Teton Advsrs holds 0.04% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 35,300 shares. Aperio Grp Llc holds 0% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 11,524 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Builders FirstSource, Inc. (NASDAQ:BLDR) for 1,500 shares. Coe Mgmt Lc owns 179,647 shares or 0% of their US portfolio. New York State Common Retirement Fund last reported 85,900 shares in the company. Suntrust Banks reported 78,810 shares or 0.01% of all its holdings.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 7 selling transactions for $9.51 million net activity. SHERMAN FLOYD F also sold $3.24M worth of Builders FirstSource, Inc. (NASDAQ:BLDR) shares. Shares for $879,200 were sold by MCALEENAN DONALD F on Friday, August 19. Tolly Morris E had sold 50,000 shares worth $621,500 on Wednesday, August 17. Shares for $1.40M were sold by CROW M CHAD on Thursday, June 9. GRIFFIN ROBERT C sold $305,094 worth of Builders FirstSource, Inc. (NASDAQ:BLDR) on Friday, August 12.

Builders FirstSource, Inc. (NASDAQ:BLDR) Ratings Coverage

Out of 6 analysts covering Builders Firstsource (NASDAQ:BLDR), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Builders Firstsource has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) earned “Buy” rating by Zacks on Monday, August 10. On Wednesday, June 1 the stock rating was initiated by FBR Capital with “Outperform”. The rating was reinitiated by Deutsche Bank on Tuesday, September 8 with “Buy”. The company was initiated on Thursday, September 10 by Citigroup. The rating was maintained by Deutsche Bank with “Buy” on Monday, March 7. The stock has “Buy” rating given by Seaport Global Securities on Tuesday, November 22. The rating was initiated by Credit Suisse on Thursday, October 8 with “Neutral”. The firm has “Outperform” rating given on Wednesday, September 7 by Wedbush.

BLDR Company Profile

Builders FirstSource, Inc., incorporated on March 4, 1998, is a supplier and maker of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating divisions include Northeast, Southeast, South and West. The Firm operates at approximately 400 locations in around 40 states across the United States. It offers an integrated solution to its clients providing manufacturing, supply and installation of a range of structural and related building products. The Company’s manufactured products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood that it designs, cuts and assembles for each home. The Firm also assembles interior and exterior doors into pre-hung units. Additionally, it supplies clients with offering of professional grade building products, such as dimensional lumber and lumber sheet goods, and various window, door and millwork lines. The Company’s range of construction-related services includes professional installation, framing and shell construction.

More news for Builders FirstSource, Inc. (NASDAQ:BLDR) were recently published by: Fool.com, which released: “Why Builders FirstSource, Inc. Shares Popped” on March 04, 2016. Globenewswire.com‘s article titled: “Builders FirstSource, Inc. Announces Final Results and Expiration of Its …” and published on October 13, 2016 is yet another important article.

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By Marguerite Chambers


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