Shares of the company are trading at $15.82 marginally over $14.54, the 50 day moving average and which is marginally over the 200 day moving average of $13.68. The 50 day moving average was up by +8.77% whereas the 200 day moving average was up $2.14 or +15.67%. 517K shares changed hands by the end of trading on Thursday. Trading volume was down 55.09% under the stocks average daily volume.
Traders are a little more bearish on shares of the company of late as shown by the uptick in short interest. The stock had a rise in short interest of 3.22% between June 15, 2017 and May 31, 2017. Short interest increased from 8,447,659 to 8,719,977 over that timeframe. The short-interest ratio increased to 8.4 and the percentage of shorted shares was 0.08% on May 31.
There has been some selling insider activity on Builders FirstSource, Inc. (NASDAQ:BLDR) recently. Floyd F. Sherman, CEO disclosed the sale of 35,000 shares. The shares were sold on June 9th for an average price of $14.91. Sherman now owns $9,447,498 of the stock according to the SEC filing. CEO Floyd F. Sherman sold 15,000 shares at an average price of $15.32 on Mon the 13th. Sherman now owns $10,243,488 of stock as reported to the SEC.
Paul S. Levy, Director sold $145,100,000 worth of shares at an average price of $14.51 on Wed the 8th. That brings the Director’s holdings to $208,139,914 as recorded in a recent Form 4 SEC filing.
Here are a few other firms who have also updated their positions. As of quarter end Bank Of Montreal /can/ had sold 880 shares trimming its stake by 55.7%. The value of the investment in BLDR decreased from $24,000 to $11,000 decreasing 54.2% quarter to quarter. Clearbridge Investments, LLC added to its stake by buying 80,559 shares an increase of 47.1% from 12/31/2016 to 03/31/2017. Clearbridge Investments, LLC now controls 251,612 shares valued at $3,749,000. The total value of its holdings increased 99.8%.
Morgan Stanley trimmed its holdings by shedding 8,817 shares a decrease of 44.1% in the quarter. Morgan Stanley currently owns 11,158 shares worth $166,000. The value of the position overall is down by 24.2%. Goldman Sachs Group Inc expanded its investment by buying 127,849 shares an increase of 401.5%. Goldman Sachs Group Inc controls 159,694 shares with a value of $2,379,000. The total value of its holdings increased 581.7%.
Seaport Global started covering the stock with an initial rating of “Buy”. On September 7, 2016 Wedbush initiated coverage on the stock giving it an initial rating of “Outperform”.
On June 1 analysts at FBR Capital started coverage by announcing an initial rating of “Outperform” and projecting a price target of $16.00. Equity analyst SunTrust Robinson Humphrey began coverage setting a rating of “Buy” and establishing a price target of $0.00.
March 7 investment analysts at Deutsche Bank left the company rating at “Buy” and moved down the price target to $13.00 from $19.00. On October 8, 2015 Credit Suisse issued its first research report on the stock with a rating of “Neutral” and a price target of $14.00.
The company is trading up from yesterday’s close of $15.69. The company’s P/E ratio is 11.06 and the market cap of the company is 1.78B. In the last earnings report the EPS was $1.43 and is estimated to be $1.09 for the current year with 112,363,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.43 and the next full year EPS is anticipated to be $1.49.
Builders FirstSource, Inc., launched on March 4, 1998, is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Business’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, the Company operated at 400 locations in 40 states across the United States. It offers an integrated solution to its customers providing manufacturing, supply and installation of a range of structural and related building products. Its 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 Company also assembles interior and exterior doors into pre-hung units. Additionally, it supplies customers with offering of professional grade building products, such as dimensional lumber and lumber sheet goods, and various window, door and millwork lines. Its range of construction-related services includes professional installation, framing and shell construction..