20,336 Shares in Builders FirstSource, Inc. $BLDR Bought by Gryphon Financial Partners LLC

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

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Builders FirstSource in the second quarter worth approximately $700,934,000. Pictet Asset Management Holding SA lifted its stake in shares of Builders FirstSource by 16.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock worth $251,651,000 after purchasing an additional 613,087 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the last quarter. M&G PLC purchased a new position in Builders FirstSource during the third quarter valued at $226,250,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at about $134,908,000. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BLDR. Loop Capital downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a report on Monday, October 26th. Barclays dropped their price target on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. UBS Group cut their target price on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Finally, Wells Fargo & Company upped their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average price target of $75.55.

View Our Latest Report on Builders FirstSource

Builders FirstSource Trading Up 5.3%

Shares of NYSE BLDR opened at $65.88 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The business has a fifty day simple moving average of $58.90 and a two-hundred day simple moving average of $78.91. The firm has a market cap of $7.09 billion, a PE ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (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 company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business earned $1.88 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

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