Beaconlight Capital buys $30,522,350 stake in Builders FirstSource (BLDR)

Builders FirstSource (BLDR) : Beaconlight Capital scooped up 667,338 additional shares in Builders FirstSource during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,483,511 shares of Builders FirstSource which is valued at $30,522,350.Builders FirstSource makes up approximately 14.60% of Beaconlight Capital’s portfolio.

Other Hedge Funds, Including , Parallax Volatility Advisers added BLDR to its portfolio by purchasing 16,251 company shares during the most recent quarter which is valued at $199,725. Builders FirstSource makes up approx 0.01% of Parallax Volatility Advisers’s portfolio.Fmr boosted its stake in BLDR in the latest quarter, The investment management firm added 74,356 additional shares and now holds a total of 3,551,498 shares of Builders FirstSource which is valued at $43,647,910. Builders FirstSource makes up approx 0.01% of Fmr’s portfolio. Tower Research Capital (trc) added BLDR to its portfolio by purchasing 135 company shares during the most recent quarter which is valued at $1,659.Dimensional Fund Advisors Lp boosted its stake in BLDR in the latest quarter, The investment management firm added 250,408 additional shares and now holds a total of 2,652,808 shares of Builders FirstSource which is valued at $33,000,932. Builders FirstSource makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio. Monashee Investment Management sold out all of its stake in BLDR during the most recent quarter. The investment firm sold 30,000 shares of BLDR which is valued $393,300.

Builders FirstSource closed down -0.21 points or -1.53% at $13.53 with 7,73,052 shares getting traded on Thursday. Post opening the session at $13.77, the shares hit an intraday low of $13.245 and an intraday high of $13.78 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Builders FirstSource reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.38. The company had revenue of $1677.30 million for the quarter, compared to analysts expectations of $1729.44 million. The company’s revenue was up 263.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Builders FirstSource. FBR Capital Initiated Builders FirstSource on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $16.

Builders FirstSource Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components Windows & Doors Lumber & Lumber Sheet Goods Millwork and Other Building Products & Services. The Company’s Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing assembly and distribution of windows and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim columns and posts as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products including hardware composite materials roofing and insulation.

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