Federated Hermes Inc. Grows Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Federated Hermes Inc. boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 95.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 91,091 shares of the company’s stock after buying an additional 44,389 shares during the quarter. Federated Hermes Inc.’s holdings in Builders FirstSource were worth $15,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vontobel Holding Ltd. purchased a new stake in Builders FirstSource in the third quarter worth $1,148,000. AE Wealth Management LLC increased its stake in Builders FirstSource by 488.4% in the third quarter. AE Wealth Management LLC now owns 9,720 shares of the company’s stock worth $1,210,000 after purchasing an additional 8,068 shares during the period. IFP Advisors Inc increased its stake in Builders FirstSource by 133.9% in the third quarter. IFP Advisors Inc now owns 655 shares of the company’s stock worth $82,000 after purchasing an additional 375 shares during the period. SG Americas Securities LLC purchased a new stake in Builders FirstSource in the third quarter worth $1,046,000. Finally, Ziegler Capital Management LLC increased its stake in Builders FirstSource by 3.8% in the third quarter. Ziegler Capital Management LLC now owns 2,957 shares of the company’s stock worth $368,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares of the company’s stock, valued at $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $178.18 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. The business’s 50 day moving average price is $195.12 and its 200-day moving average price is $163.80. The firm has a market capitalization of $21.73 billion, a PE ratio of 14.86, a P/E/G ratio of 1.08 and a beta of 2.04. Builders FirstSource, Inc. has a 1 year low of $90.10 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 13.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank of Canada increased their target price on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and increased their target price for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Truist Financial increased their price target on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Oppenheimer increased their price target on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Wedbush increased their price target on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.06.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.