Spitfire Capital buys $11,304,010 stake in Builders FirstSource (BLDR)

Builders FirstSource (BLDR) : Spitfire Capital scooped up 393,832 additional shares in Builders FirstSource during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 919,773 shares of Builders FirstSource which is valued at $11,304,010.Builders FirstSource makes up approximately 4.74% of Spitfire Capital’s portfolio.

Other Hedge Funds, Including , Proshare Advisors added BLDR to its portfolio by purchasing 10,813 company shares during the most recent quarter which is valued at $132,892. Tfs Capital sold out all of its stake in BLDR during the most recent quarter. The investment firm sold 57,494 shares of BLDR which is valued $706,601.Blackrock Advisors boosted its stake in BLDR in the latest quarter, The investment management firm added 23,646 additional shares and now holds a total of 48,483 shares of Builders FirstSource which is valued at $595,856.Cable Hill Partners boosted its stake in BLDR in the latest quarter, The investment management firm added 482 additional shares and now holds a total of 632 shares of Builders FirstSource which is valued at $7,938. Builders FirstSource makes up approx 0.01% of Cable Hill Partners’s portfolio. Bb&t Securities added BLDR to its portfolio by purchasing 11,343 company shares during the most recent quarter which is valued at $142,468.

Builders FirstSource opened for trading at $13.1 and hit $13.76 on the upside on Monday, eventually ending the session at $13.6, with a gain of 4.53% or 0.59 points. The heightened volatility saw the trading volume jump to 14,74,621 shares. Company has a market cap of $1,508 M.

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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