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

Woodson Capital Management LP lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,000 shares of the company's stock after selling 23,058 shares during the quarter. Builders FirstSource accounts for 2.1% of Woodson Capital Management LP's portfolio, making the stock its 17th largest position. Woodson Capital Management LP owned about 0.08% of Builders FirstSource worth $12,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vident Advisory LLC boosted its holdings in Builders FirstSource by 8.2% in the fourth quarter. Vident Advisory LLC now owns 7,201 shares of the company's stock worth $1,029,000 after purchasing an additional 544 shares during the last quarter. Twinbeech Capital LP purchased a new stake in Builders FirstSource in the fourth quarter worth approximately $26,141,000. Tidal Investments LLC boosted its holdings in Builders FirstSource by 33.4% in the fourth quarter. Tidal Investments LLC now owns 26,476 shares of the company's stock worth $3,784,000 after purchasing an additional 6,631 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its holdings in Builders FirstSource by 44.6% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 19,140 shares of the company's stock worth $2,736,000 after purchasing an additional 5,900 shares during the last quarter. Finally, State of Wyoming boosted its holdings in Builders FirstSource by 78.1% in the fourth quarter. State of Wyoming now owns 2,109 shares of the company's stock worth $301,000 after purchasing an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Loop Capital dropped their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a research report on Thursday, May 15th. Stephens decreased their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Barclays decreased their price target on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group decreased their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Price Performance

BLDR stock traded down $1.68 during mid-day trading on Friday, hitting $108.16. The company had a trading volume of 1,382,517 shares, compared to its average volume of 1,679,958. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $119.12 and a 200 day moving average price of $144.20.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.65 EPS. On average, research 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 stock repurchase program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.