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

Citigroup Inc. reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 31.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,025 shares of the company’s stock after selling 130,473 shares during the period. Citigroup Inc. owned 0.25% of Builders FirstSource worth $33,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in shares of Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares during the last quarter. Woodline Partners LP grew its holdings in Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,812 shares during the period. Ethic Inc. grew its holdings in Builders FirstSource by 4.4% during the second quarter. Ethic Inc. now owns 5,034 shares of the company’s stock valued at $589,000 after purchasing an additional 211 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Builders FirstSource by 7.7% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,216 shares of the company’s stock valued at $36,549,000 after purchasing an additional 22,413 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Builders FirstSource in the second quarter worth $67,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent analyst reports. Barclays lowered their price objective on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Stifel Nicolaus cut their price objective on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Jefferies Financial Group lowered their target price on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research note on Monday. Finally, UBS Group cut their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $127.39.

Builders FirstSource Stock Performance

Shares of BLDR opened at $109.77 on Wednesday. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 1.76 and a beta of 1.56. Builders FirstSource, Inc. has a 12 month low of $94.35 and a 12 month high of $151.03. The firm has a fifty day simple moving average of $114.89 and a 200 day simple moving average of $119.77. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate 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 last year, the firm earned $2.31 earnings per share. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.