Federated Hermes Inc. Increases Stock Holdings in Builders FirstSource, Inc. $BLDR

Federated Hermes Inc. grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 46.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,081 shares of the company’s stock after buying an additional 31,846 shares during the quarter. Federated Hermes Inc. owned 0.09% of Builders FirstSource worth $11,795,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. VestGen Advisors LLC increased its holdings in shares of Builders FirstSource by 4.6% in the 2nd quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after purchasing an additional 86 shares in the last quarter. Stephens Inc. AR raised its position in Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after acquiring an additional 90 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Builders FirstSource by 21.0% in the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after purchasing an additional 109 shares in the last quarter. Horizon Investments LLC grew its position in shares of Builders FirstSource by 5.5% in the first quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock valued at $275,000 after purchasing an additional 114 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its position in shares of Builders FirstSource by 0.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock valued at $1,967,000 after purchasing an additional 131 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $109.49 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 11.23 and a beta of 1.56. Builders FirstSource, Inc. has a one year low of $94.35 and a one year high of $175.24. The company has a 50 day moving average price of $114.27 and a 200 day moving average price of $122.51.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the business earned $3.07 EPS. Builders FirstSource’s revenue for the quarter was down 6.9% on a year-over-year basis. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLDR. Benchmark lifted their price objective on Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. BMO Capital Markets cut their price target on Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. UBS Group increased their price objective on Builders FirstSource from $158.00 to $166.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Loop Capital cut their target price on shares of Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Finally, DA Davidson reduced their target price on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $136.86.

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.