Woodson Capital Management LP Sells 23,058 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Woodson Capital Management LP lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,000 shares of the company's stock after selling 23,058 shares during the period. Builders FirstSource comprises approximately 2.1% of Woodson Capital Management LP's holdings, making the stock its 17th biggest position. Woodson Capital Management LP owned approximately 0.08% of Builders FirstSource worth $12,864,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BLDR. FMR LLC grew its holdings in Builders FirstSource by 7.3% during the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after buying an additional 740,214 shares in the last quarter. Invesco Ltd. lifted its position in Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock worth $322,105,000 after buying an additional 26,314 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Builders FirstSource by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock worth $319,898,000 after buying an additional 77,666 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after purchasing an additional 623,583 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after purchasing an additional 285,458 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 2.6%

Shares of Builders FirstSource stock opened at $117.45 on Tuesday. The stock's fifty day moving average is $120.40 and its 200-day moving average is $145.83. The firm has a market capitalization of $12.98 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior year, the firm posted $2.65 EPS. The business's revenue was down 6.0% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has approved a share buyback program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a research note on Thursday, May 15th. Loop Capital decreased their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. Raymond James reissued an "outperform" rating and issued a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, BMO Capital Markets cut their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $167.58.

Builders FirstSource Company Profile

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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