Federated Hermes Inc. Acquires 44,389 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Federated Hermes Inc. raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 95.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,091 shares of the company’s stock after buying an additional 44,389 shares during the quarter. Federated Hermes Inc. owned about 0.07% of Builders FirstSource worth $15,207,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in Builders FirstSource in the 4th quarter valued at about $28,000. Rakuten Securities Inc. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $29,000. Rock Creek Group LP acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $30,000. Raleigh Capital Management Inc. boosted its stake in shares of Builders FirstSource by 134.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Finally, BluePath Capital Management LLC acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $31,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BLDR shares. Barclays raised their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Oppenheimer lifted their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. DA Davidson reiterated a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Finally, Wedbush lifted their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $190.06.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $178.18 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. 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 twelve month low of $90.10 and a twelve month high of $214.70. The company has a 50-day moving average price of $195.12 and a two-hundred day moving average price of $163.80.

Builders FirstSource (NYSE:BLDR) last announced 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. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. Equities analysts forecast that Builders FirstSource, Inc. will post 13.84 EPS for the current year.

Insider Activity at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the sale, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

Builders FirstSource 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.