Calamos Advisors LLC Has $3.02 Million Stock Holdings in TopBuild Corp. $BLD

Calamos Advisors LLC boosted its stake in TopBuild Corp. (NYSE:BLD) by 68.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,585 shares of the construction company’s stock after purchasing an additional 3,502 shares during the period. Calamos Advisors LLC’s holdings in TopBuild were worth $3,016,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BLD. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of TopBuild during the 1st quarter valued at $261,000. State of Michigan Retirement System increased its holdings in TopBuild by 3.1% in the 1st quarter. State of Michigan Retirement System now owns 6,757 shares of the construction company’s stock worth $2,374,000 after purchasing an additional 200 shares in the last quarter. Principal Financial Group Inc. increased its holdings in TopBuild by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 66,748 shares of the construction company’s stock worth $23,449,000 after purchasing an additional 2,228 shares in the last quarter. J. Safra Sarasin Holding AG bought a new position in TopBuild in the first quarter valued at about $251,000. Finally, Anchor Investment Management LLC raised its position in TopBuild by 9.5% in the first quarter. Anchor Investment Management LLC now owns 1,725 shares of the construction company’s stock valued at $606,000 after purchasing an additional 150 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BLD. Wells Fargo & Company reduced their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a report on Wednesday, May 6th. Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. 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. Finally, Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $465.00.

TopBuild Price Performance

Shares of BLD opened at $354.53 on Thursday. The company has a market capitalization of $9.94 billion, a PE ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. TopBuild Corp. has a 12 month low of $321.67 and a 12 month high of $559.47. The stock’s 50-day moving average price is $397.77 and its two-hundred day moving average price is $424.49. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.63 EPS. On average, analysts anticipate that TopBuild Corp. will post 18.07 EPS for the current year.

TopBuild Profile

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.