Federated Hermes Inc. Sells 2,861 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Federated Hermes Inc. lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,397 shares of the company's stock after selling 2,861 shares during the quarter. Federated Hermes Inc. owned about 0.08% of Builders FirstSource worth $13,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource in the 4th quarter worth $34,000. Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. Mather Group LLC. boosted its position in shares of Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after purchasing an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Builders FirstSource stock traded up $0.05 during trading hours on Tuesday, reaching $119.55. 281,915 shares of the company were exchanged, compared to its average volume of 1,676,825. Builders FirstSource, Inc. has a 12 month low of $110.84 and a 12 month high of $203.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average of $133.77 and a 200 day moving average of $158.35. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 0.80 and a beta of 1.99.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BLDR. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group lowered their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Wedbush reissued an "outperform" rating and issued a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $186.84.

About Builders FirstSource

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.