Stadium Capital Management buys $96.4 Million stake in Builders FirstSource (BLDR)

Builders FirstSource (BLDR) : Stadium Capital Management scooped up 3,733,665 additional shares in Builders FirstSource during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 8,577,599 shares of Builders FirstSource which is valued at $96.4 Million.Builders FirstSource makes up approximately 34.98% of Stadium Capital Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates reduced its stake in BLDR by selling 10,638 shares or 21.86% in the most recent quarter. The Hedge Fund company now holds 38,020 shares of BLDR which is valued at $427,345.Blackrock Group Ltd boosted its stake in BLDR in the latest quarter, The investment management firm added 9,939 additional shares and now holds a total of 26,624 shares of Builders FirstSource which is valued at $299,254.Blackrock Investment Management boosted its stake in BLDR in the latest quarter, The investment management firm added 4,325 additional shares and now holds a total of 172,627 shares of Builders FirstSource which is valued at $1.9 Million.Swiss National Bank boosted its stake in BLDR in the latest quarter, The investment management firm added 29,100 additional shares and now holds a total of 122,300 shares of Builders FirstSource which is valued at $1.3 Million.Mcclain Value Management reduced its stake in BLDR by selling 230,989 shares or 41.76% in the most recent quarter. The Hedge Fund company now holds 322,140 shares of BLDR which is valued at $3.5 Million. Builders FirstSource makes up approx 2.85% of Mcclain Value Management’s portfolio.

Builders FirstSource opened for trading at $11.53 and hit $11.73 on the upside on Friday, eventually ending the session at $11.64, with a gain of 1.75% or 0.2 points. The heightened volatility saw the trading volume jump to 15,69,673 shares. Company has a market cap of $1,281,692 M.

On the company’s financial health, Builders FirstSource reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.13. The company had revenue of $1397.10 million for the quarter, compared to analysts expectations of $1360.35 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.52 EPS.

Many Wall Street Analysts have commented on Builders FirstSource. Sun Trust Rbsn Humphrey Initiated Builders FirstSource on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $16.Shares were Reiterated by Deutsche Bank on Mar 7, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $19 .

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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