Gryphon Financial Partners LLC Makes New $1.16 Million Investment in Builders FirstSource, Inc. $BLDR

Gryphon Financial Partners LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,336 shares of the company’s stock, valued at approximately $1,159,000.

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its holdings in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Allworth Financial LP purchased a new stake in shares of Builders FirstSource in the second quarter worth about $42,000. Clark Wealth Partners purchased a new stake in shares of Builders FirstSource in the third quarter worth about $27,000. PFS Partners LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth about $28,000. Finally, Continuum Advisory LLC acquired a new stake in Builders FirstSource during the second quarter worth about $48,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent research reports. Truist Financial lifted their price target on Builders FirstSource from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 30th. DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Citizens Jmp initiated coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating for the company. Royal Bank Of Canada dropped their price target on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $75.55.

View Our Latest Stock Report on BLDR

Builders FirstSource Price Performance

Shares of BLDR opened at $65.88 on Tuesday. The firm has a 50-day simple moving average of $58.90 and a two-hundred day simple moving average of $78.91. The stock has a market cap of $7.09 billion, a PE ratio of 178.06, a P/E/G ratio of 1.93 and a beta of 1.41. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business posted $1.88 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Builders FirstSource Company Profile

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Further Reading

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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