Calamos Advisors LLC Buys 3,502 Shares of TopBuild Corp. $BLD

Calamos Advisors LLC increased its stake in shares of TopBuild Corp. (NYSE:BLD) by 68.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,585 shares of the construction company’s stock after acquiring an additional 3,502 shares during the period. Calamos Advisors LLC’s holdings in TopBuild were worth $3,016,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors increased its holdings in TopBuild by 2.8% during the fourth quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock worth $1,499,500,000 after buying an additional 97,247 shares during the last quarter. Capital International Investors grew its holdings in TopBuild by 71.1% during the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after purchasing an additional 630,857 shares during the period. Capital World Investors grew its holdings in TopBuild by 0.9% during the fourth quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after purchasing an additional 7,735 shares during the period. Bank of America Corp DE increased its position in TopBuild by 14.8% during the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after buying an additional 109,572 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of TopBuild by 1.0% during the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after acquiring an additional 7,400 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $354.53 on Thursday. The company’s 50 day simple moving average is $397.77 and its 200 day simple moving average is $424.49. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. TopBuild Corp. has a 1 year low of $321.67 and a 1 year high of $559.47.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the company earned $4.63 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, research analysts predict that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BLD. UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Evercore set a $360.00 price objective on TopBuild in a report on Monday, June 29th. Wells Fargo & Company cut their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, DA Davidson reissued a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $465.00.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.