Investors Buy High Volume of Call Options on Builders FirstSource (BLDR)

Builders FirstSource, Inc. (NASDAQ:BLDR) saw some unusual options trading activity on Monday. Stock traders acquired 1,453 call options on the company. This is an increase of 1,368% compared to the typical daily volume of 99 call options.

In related news, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total transaction of $256,375.00. Following the transaction, the chief financial officer now directly owns 26,587 shares of the company’s stock, valued at $545,299.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Floyd F. Sherman sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total transaction of $777,200.00. Following the transaction, the chief executive officer now directly owns 623,635 shares in the company, valued at $12,117,228.05. The disclosure for this sale can be found here. 14.60% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in BLDR. Principal Financial Group Inc. increased its stake in shares of Builders FirstSource by 11.2% in the second quarter. Principal Financial Group Inc. now owns 21,546 shares of the company’s stock worth $330,000 after purchasing an additional 2,166 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Builders FirstSource by 6.8% in the second quarter. JPMorgan Chase & Co. now owns 97,728 shares of the company’s stock worth $1,497,000 after purchasing an additional 6,181 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Builders FirstSource by 13.2% in the second quarter. TIAA CREF Investment Management LLC now owns 407,415 shares of the company’s stock worth $6,242,000 after purchasing an additional 47,490 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Builders FirstSource by 156.4% in the second quarter. Ameriprise Financial Inc. now owns 218,727 shares of the company’s stock worth $3,351,000 after purchasing an additional 133,410 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Builders FirstSource by 27.5% in the second quarter. Nationwide Fund Advisors now owns 62,242 shares of the company’s stock worth $954,000 after purchasing an additional 13,427 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Builders FirstSource (NASDAQ:BLDR) traded up $0.34 during mid-day trading on Wednesday, reaching $19.82. 1,660,000 shares of the company’s stock traded hands, compared to its average volume of 1,420,000. The company has a market capitalization of $2,240.00, a price-to-earnings ratio of 26.08 and a beta of 2.01. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. Builders FirstSource has a twelve month low of $12.12 and a twelve month high of $23.28.

BLDR has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. Citigroup lifted their price objective on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Barclays lifted their price objective on shares of Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Friday, November 10th. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Builders FirstSource presently has an average rating of “Buy” and an average target price of $23.41.

TRADEMARK VIOLATION NOTICE: “Investors Buy High Volume of Call Options on Builders FirstSource (BLDR)” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2018/02/14/investors-buy-high-volume-of-call-options-on-builders-firstsource-bldr.html.

About Builders FirstSource

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply