Investors Purchase Large Volume of Put Options on Builders FirstSource (BLDR)
Builders FirstSource, Inc. (NASDAQ:BLDR) was the recipient of some unusual options trading on Tuesday. Investors acquired 1,659 put options on the company. This represents an increase of 3,090% compared to the average volume of 52 put options.
Several analysts have recently commented on BLDR shares. Stephens restated a “buy” rating and set a $27.00 target price on shares of Builders FirstSource in a report on Wednesday, January 17th. Stifel Nicolaus increased their target price on Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, January 31st. ValuEngine raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BidaskClub lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.14.
Shares of Builders FirstSource opened at $18.97 on Thursday, according to MarketBeat. The company has a current ratio of 2.09, a quick ratio of 1.15 and a debt-to-equity ratio of 4.81. Builders FirstSource has a 12-month low of $18.34 and a 12-month high of $18.78. The firm has a market cap of $2.13 billion, a PE ratio of 14.94 and a beta of 2.07.
In other news, SVP Donald F. Mcaleenan sold 194,043 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $21.66, for a total transaction of $4,202,971.38. Following the sale, the senior vice president now owns 442,148 shares in the company, valued at $9,576,925.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Floyd F. Sherman sold 100,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $21.24, for a total value of $2,124,000.00. Following the sale, the director now owns 481,834 shares in the company, valued at approximately $10,234,154.16. The disclosure for this sale can be found here. Insiders sold 409,650 shares of company stock worth $8,790,722 over the last quarter. Company insiders own 2.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. lifted its stake in Builders FirstSource by 0.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 613,750 shares of the company’s stock valued at $13,374,000 after buying an additional 2,650 shares during the period. Amalgamated Bank lifted its stake in Builders FirstSource by 22.2% in the fourth quarter. Amalgamated Bank now owns 15,021 shares of the company’s stock valued at $327,000 after buying an additional 2,729 shares during the period. Suntrust Banks Inc. lifted its stake in Builders FirstSource by 13.6% in the fourth quarter. Suntrust Banks Inc. now owns 23,076 shares of the company’s stock valued at $502,000 after buying an additional 2,757 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Builders FirstSource by 58.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after buying an additional 2,766 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Builders FirstSource by 7.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 41,473 shares of the company’s stock valued at $904,000 after buying an additional 2,988 shares during the period. 97.65% of the stock is currently owned by hedge funds and other institutional investors.
Builders FirstSource Company Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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