Woodson Capital Management LP Lowers Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Woodson Capital Management LP reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,000 shares of the company’s stock after selling 24,000 shares during the quarter. Builders FirstSource accounts for 4.3% of Woodson Capital Management LP’s portfolio, making the stock its 6th biggest holding. Woodson Capital Management LP’s holdings in Builders FirstSource were worth $21,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLDR. EdgeRock Capital LLC purchased a new stake in Builders FirstSource in the fourth quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new stake in Builders FirstSource in the fourth quarter worth about $28,000. Rakuten Securities Inc. purchased a new stake in Builders FirstSource in the fourth quarter worth about $29,000. Rock Creek Group LP purchased a new stake in Builders FirstSource in the third quarter worth about $30,000. Finally, Raleigh Capital Management Inc. increased its position in Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Jefferies Financial Group upped their price target on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Royal Bank of Canada increased their target price on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Oppenheimer increased their target price on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Wedbush reiterated an “outperform” rating and set a $215.00 target price (down previously from $225.00) on shares of Builders FirstSource in a research report on Tuesday, May 7th. Finally, DA Davidson reiterated a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $196.27.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now directly owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Builders FirstSource Price Performance

Builders FirstSource stock traded up $4.74 during midday trading on Friday, reaching $171.10. 1,452,952 shares of the stock traded hands, compared to its average volume of 2,258,828. The stock’s fifty day moving average is $187.19 and its 200-day moving average is $173.30. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The stock has a market cap of $20.88 billion, a P/E ratio of 14.65, a PEG ratio of 1.49 and a beta of 2.08. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $2.96 earnings per share. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 13.12 EPS for the current year.

Builders FirstSource 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.