Formula Growth Ltd buys $13,098,877 stake in Builders FirstSource (BLDR)

Builders FirstSource (BLDR) : Formula Growth Ltd scooped up 9,706 additional shares in Builders FirstSource during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,265,592 shares of Builders FirstSource which is valued at $13,098,877.Builders FirstSource makes up approximately 3.05% of Formula Growth Ltd’s portfolio.

Other Hedge Funds, Including , Lyon Street Capital boosted its stake in BLDR in the latest quarter, The investment management firm added 22,754 additional shares and now holds a total of 679,666 shares of Builders FirstSource which is valued at $7,061,730. Builders FirstSource makes up approx 3.34% of Lyon Street Capital’s portfolio. Hodges Capital Management sold out all of its stake in BLDR during the most recent quarter. The investment firm sold 17,000 shares of BLDR which is valued $171,700. Sg Americas Securities added BLDR to its portfolio by purchasing 12,049 company shares during the most recent quarter which is valued at $114,947. Emerald Mutual Fund Advisers Trust added BLDR to its portfolio by purchasing 14,348 company shares during the most recent quarter which is valued at $137,310. Builders FirstSource makes up approx 0.01% of Emerald Mutual Fund Advisers Trust’s portfolio. Palo Capital added BLDR to its portfolio by purchasing 11,900 company shares during the most recent quarter which is valued at $124,117. Builders FirstSource makes up approx 0.09% of Palo Capital’s portfolio.

Builders FirstSource opened for trading at $11.16 and hit $11.41 on the upside on Monday, eventually ending the session at $11.19, with a gain of 0.81% or 0.09 points. The heightened volatility saw the trading volume jump to 11,40,290 shares. Company has a market cap of $1,248 M.

On the company’s financial health, Builders FirstSource reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.38. The company had revenue of $1745.90 million for the quarter, compared to analysts expectations of $1773.56 million. The company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

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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