Woodson Capital Management LP Sells 36,942 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Woodson Capital Management LP decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 24.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,058 shares of the company’s stock after selling 36,942 shares during the period. Builders FirstSource comprises 4.3% of Woodson Capital Management LP’s portfolio, making the stock its 6th largest holding. Woodson Capital Management LP owned about 0.10% of Builders FirstSource worth $21,917,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Innealta Capital LLC acquired a new position in shares of Builders FirstSource in the second quarter worth $27,000. Brooklyn Investment Group bought a new stake in Builders FirstSource in the third quarter worth $28,000. Armstrong Advisory Group Inc. bought a new stake in Builders FirstSource in the third quarter worth $30,000. First Horizon Advisors Inc. boosted its holdings in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after acquiring an additional 75 shares during the period. Finally, New Millennium Group LLC bought a new stake in Builders FirstSource during the second quarter valued at about $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Builders FirstSource Stock Down 0.6 %

Shares of BLDR opened at $184.75 on Friday. The company has a market capitalization of $21.26 billion, a P/E ratio of 18.04, a PEG ratio of 1.03 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The business’s 50 day simple moving average is $185.56 and its 200-day simple moving average is $168.39.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.24 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent analyst reports. Loop Capital upped their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 20th. Bank of America upped their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Benchmark cut their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.47.

About Builders FirstSource

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.