Citigroup Inc. Sells 130,473 Shares of Builders FirstSource, Inc. $BLDR

Citigroup Inc. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 31.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 278,025 shares of the company’s stock after selling 130,473 shares during the period. Citigroup Inc.’s holdings in Builders FirstSource were worth $33,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rossby Financial LCC lifted its stake in Builders FirstSource by 13.7% in the third quarter. Rossby Financial LCC now owns 2,060 shares of the company’s stock valued at $261,000 after acquiring an additional 248 shares during the last quarter. Tredje AP fonden raised its holdings in shares of Builders FirstSource by 24.3% in the 3rd quarter. Tredje AP fonden now owns 13,009 shares of the company’s stock valued at $1,577,000 after purchasing an additional 2,545 shares during the period. Raiffeisen Bank International AG raised its holdings in shares of Builders FirstSource by 10.0% in the 3rd quarter. Raiffeisen Bank International AG now owns 1,325 shares of the company’s stock valued at $158,000 after purchasing an additional 120 shares during the period. Pekin Hardy Strauss Inc. lifted its stake in Builders FirstSource by 2.7% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 15,001 shares of the company’s stock valued at $1,819,000 after purchasing an additional 400 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in Builders FirstSource by 12.8% during the third quarter. Fiera Capital Corp now owns 480,609 shares of the company’s stock worth $58,274,000 after purchasing an additional 54,487 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Up 2.3%

BLDR opened at $109.77 on Wednesday. The stock has a fifty day moving average of $114.89 and a 200-day moving average of $119.77. The company has a market capitalization of $12.14 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.76 and a beta of 1.56. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $151.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the business posted $2.31 earnings per share. Builders FirstSource’s revenue was down 12.1% compared to the same quarter last year. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

BLDR has been the topic of several research analyst reports. Barclays dropped their price objective on Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft decreased their target price on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a report on Monday. The Goldman Sachs Group dropped their price target on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Benchmark reduced their price objective on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $127.39.

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.