Rail-splitter Capital Management adds Builders FirstSource (BLDR) to its portfolio

Builders FirstSource (BLDR) : Rail-splitter Capital Management added new position in Builders FirstSource during the most recent quarter end. The investment management firm now holds 600,992 shares of Builders FirstSource which is valued at $7,879,005 , the company said in a statement filed on Aug 2, 2016 with the SEC.Builders FirstSource makes up approximately 1.83% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , 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. Gilder Gagnon Howe Co added BLDR to its portfolio by purchasing 201,637 company shares during the most recent quarter which is valued at $2,643,461. Builders FirstSource makes up approx 0.05% of Gilder Gagnon Howe Co’s portfolio.Essex Investment Management Co reduced its stake in BLDR by selling 1,101 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 82,349 shares of BLDR which is valued at $1,077,948. Builders FirstSource makes up approx 0.17% of Essex Investment Management Co’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in BLDR during the most recent quarter. The investment firm sold 13,200 shares of BLDR which is valued $166,716. Bnp Paribas Arbitrage Sa added BLDR to its portfolio by purchasing 3,283 company shares during the most recent quarter which is valued at $40,512.

Builders FirstSource closed down -0.12 points or -0.96% at $12.44 with 10,07,368 shares getting traded on Monday. Post opening the session at $12.44, the shares hit an intraday low of $12.43 and an intraday high of $12.85 and the price fluctuated in this range throughout the day.Shares ended Monday 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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