Woodson Capital Management LP Has $21.92 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Woodson Capital Management LP decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 24.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 113,058 shares of the company’s stock after selling 36,942 shares during the period. Builders FirstSource makes up 4.3% of Woodson Capital Management LP’s holdings, making the stock its 6th largest position. Woodson Capital Management LP’s holdings in Builders FirstSource were worth $21,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $3,538,000. De Lisle Partners LLP increased its position in shares of Builders FirstSource by 11.3% in the 3rd quarter. De Lisle Partners LLP now owns 75,001 shares of the company’s stock valued at $14,548,000 after buying an additional 7,600 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at $603,000. Blueshift Asset Management LLC increased its position in shares of Builders FirstSource by 33.3% in the 3rd quarter. Blueshift Asset Management LLC now owns 4,933 shares of the company’s stock valued at $956,000 after buying an additional 1,232 shares in the last quarter. Finally, Soros Capital Management LLC increased its position in shares of Builders FirstSource by 577.2% in the 3rd quarter. Soros Capital Management LLC now owns 63,621 shares of the company’s stock valued at $12,334,000 after buying an additional 54,226 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, November 6th. Loop Capital upped their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Royal Bank of Canada upped their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and increased their target price for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $206.47.

Builders FirstSource Trading Down 0.6 %

Builders FirstSource stock opened at $184.75 on Friday. The firm has a 50-day moving average of $185.56 and a 200-day moving average of $168.39. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $21.26 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.03 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company earned $4.24 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is 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.