Citigroup Inc. reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 31.9% during the third quarter, selling 130,473 shares and now holding 278,025 shares valued at approximately $33.7 million. This reduction comes as Builders FirstSource reported lower-than-expected quarterly earnings and revenue, with EPS of $1.12 against a $1.30 consensus and revenue of $3.36 billion. Analysts generally rate the stock a “Hold” with a consensus target price of $127.39, although several firms have recently trimmed their price targets.
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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 third quarter, selling 130,473 shares and now holding 278,025 shares valued at approximately $33.7 million. This reduction comes as Builders FirstSource reported lower-than-expected quarterly earnings and revenue, with EPS of $1.12 against a $1.30 consensus and revenue of $3.36 billion. Analysts generally rate the stock a “Hold” with a consensus target price of $127.39, although several firms have recently trimmed their price targets.