Federated Hermes Inc. Sells 43,855 Shares of Builders FirstSource, Inc. $BLDR

Federated Hermes Inc. decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 43.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,226 shares of the company’s stock after selling 43,855 shares during the period. Federated Hermes Inc. owned 0.05% of Builders FirstSource worth $6,939,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Builders FirstSource during the 2nd quarter valued at about $147,994,000. Brave Warrior Advisors LLC raised its stake in shares of Builders FirstSource by 47.2% during the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after buying an additional 585,683 shares during the last quarter. Atreides Management LP acquired a new position in Builders FirstSource in the second quarter valued at approximately $37,592,000. Moore Capital Management LP bought a new position in Builders FirstSource in the second quarter valued at approximately $25,647,000. Finally, Bank of America Corp DE boosted its stake in Builders FirstSource by 42.7% in the second quarter. Bank of America Corp DE now owns 598,135 shares of the company’s stock valued at $69,796,000 after acquiring an additional 178,955 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 0.9%

Shares of Builders FirstSource stock opened at $113.32 on Tuesday. The company has a market capitalization of $12.53 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 13.90 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The business has a 50-day moving average of $112.27 and a two-hundred day moving average of $121.21. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $165.70.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company began coverage on Builders FirstSource in a research note on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price target on the stock. Barclays increased their target price on Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reduced their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. The Goldman Sachs Group upped their price target on Builders FirstSource from $146.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Loop Capital cut their price target on shares of Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $133.77.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.