Federated Hermes Inc. Has $6.94 Million Holdings in Builders FirstSource, Inc. $BLDR

Federated Hermes Inc. trimmed its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 43.4% during the third quarter, HoldingsChannel reports. The fund owned 57,226 shares of the company’s stock after selling 43,855 shares during the period. Federated Hermes Inc.’s holdings in Builders FirstSource were worth $6,939,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new position in Builders FirstSource during the 2nd quarter worth about $38,000. CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource in the second quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Builders FirstSource during the third quarter worth about $44,000. Root Financial Partners LLC bought a new position in shares of Builders FirstSource during the third quarter worth about $47,000. Finally, Mather Group LLC. bought a new position in shares of Builders FirstSource during the third quarter worth about $48,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

NYSE:BLDR opened at $113.32 on Tuesday. The stock has a market capitalization of $12.53 billion, a PE ratio of 21.58, a P/E/G ratio of 13.90 and a beta of 1.56. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $165.70. The firm has a fifty day simple moving average of $112.27 and a 200 day simple moving average of $121.21. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03.

Analysts Set New Price Targets

Several research firms have commented on BLDR. Stifel Nicolaus cut their target price on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. UBS Group lowered their price objective on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. DA Davidson decreased their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Barclays lifted their price target on shares of Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $133.77.

Builders FirstSource Company Profile

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.