Citigroup Inc. Has $30.48 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Citigroup Inc. raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,199 shares of the company's stock after acquiring an additional 3,022 shares during the period. Citigroup Inc. owned about 0.14% of Builders FirstSource worth $30,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Massachusetts Financial Services Co. MA raised its holdings in Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock worth $282,697,000 after acquiring an additional 277,897 shares in the last quarter. Baillie Gifford & Co. bought a new stake in Builders FirstSource during the third quarter worth about $267,132,000. Boston Partners raised its holdings in Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company's stock worth $285,794,000 after acquiring an additional 10,551 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Builders FirstSource during the third quarter worth about $255,867,000. Finally, Bank of New York Mellon Corp raised its holdings in Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock worth $147,059,000 after acquiring an additional 196,571 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BLDR. Stephens upped their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Jefferies Financial Group upped their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on Builders FirstSource from $217.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Barclays upped their price objective on Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, UBS Group initiated coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a "buy" rating and a $232.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus price target of $206.47.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

Builders FirstSource Price Performance

NYSE:BLDR traded down $3.26 during trading hours on Tuesday, reaching $185.77. 1,149,680 shares of the company were exchanged, compared to its average volume of 1,559,718. The company has a market capitalization of $21.38 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.00 and a beta of 2.08. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business has a 50 day moving average of $186.26 and a 200 day moving average of $168.02.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.24 EPS. Research analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.