Tudor Investment Corp ET AL Boosts Stake in TopBuild Corp. $BLD

Tudor Investment Corp ET AL lifted its stake in TopBuild Corp. (NYSE:BLD) by 1,058.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,265 shares of the construction company’s stock after purchasing an additional 8,465 shares during the quarter. Tudor Investment Corp ET AL’s holdings in TopBuild were worth $3,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BLD. Advisory Services Network LLC bought a new stake in TopBuild in the 3rd quarter valued at $27,000. Root Financial Partners LLC bought a new stake in TopBuild in the third quarter worth $34,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in TopBuild during the 2nd quarter valued at about $35,000. MAI Capital Management lifted its stake in shares of TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of TopBuild by 3,433.3% during the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

NYSE:BLD opened at $347.19 on Friday. The stock has a 50 day moving average price of $454.55 and a 200 day moving average price of $437.63. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The stock has a market cap of $9.77 billion, a PE ratio of 18.97, a P/E/G ratio of 4.58 and a beta of 1.72. TopBuild Corp. has a one year low of $266.26 and a one year high of $559.47.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.39 by $0.11. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. TopBuild’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $5.13 earnings per share. Equities research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLD has been the topic of several research reports. Wells Fargo & Company reduced their price objective on TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Zacks Research downgraded shares of TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada increased their price objective on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Finally, Jefferies Financial Group raised their price objective on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.93.

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.