Builders FirstSource, Inc. $BLDR Shares Sold by Woodson Capital Management LP

Woodson Capital Management LP trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 30.5% during the third quarter, Holdings Channel reports. The firm owned 139,000 shares of the company’s stock after selling 61,000 shares during the quarter. Builders FirstSource comprises 3.1% of Woodson Capital Management LP’s portfolio, making the stock its 17th largest holding. Woodson Capital Management LP’s holdings in Builders FirstSource were worth $16,854,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Builders FirstSource during the second quarter worth about $147,994,000. Brave Warrior Advisors LLC grew its holdings in shares of Builders FirstSource by 47.2% during the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after purchasing an additional 585,683 shares during the last quarter. Atreides Management LP acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $37,592,000. Moore Capital Management LP bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $25,647,000. Finally, Bank of America Corp DE boosted its position in Builders FirstSource by 42.7% during the 2nd quarter. Bank of America Corp DE now owns 598,135 shares of the company’s stock valued at $69,796,000 after purchasing an additional 178,955 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson cut their target price on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Robert W. Baird set a $135.00 price objective on shares of Builders FirstSource in a report on Friday, October 31st. Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 target price on shares of Builders FirstSource in a research note on Friday, January 9th. Loop Capital decreased their target price on shares of Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Finally, KeyCorp set a $145.00 price target on Builders FirstSource in a report on Wednesday, October 1st. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus price target of $133.87.

Builders FirstSource Price Performance

NYSE:BLDR opened at $128.75 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $107.85 and its 200 day moving average price is $121.90. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $175.12. The firm has a market cap of $14.24 billion, a P/E ratio of 24.52, a PEG ratio of 15.35 and a beta of 1.57.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the previous year, the company posted $3.07 EPS. The business’s revenue was down 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.