Calamos Advisors LLC Purchases 2,533 Shares of TopBuild Corp. $BLD

Key Points

• Calamos Advisors LLC increased its stake in TopBuild by 99.3% in Q4, adding 2,533 shares to hold 5,083 shares valued at about $2.12 million.
• Wall Street consensus rates the stock a “Moderate Buy” with an average price target of $447.21 (1 Strong Buy, 7 Buy, 7 Hold, 1 Sell among analysts).
• TopBuild recently beat Q4 estimates with $4.50 EPS vs. $4.39 expected and $1.50 billion in revenue (up 13.2% YoY), and analysts forecast ~18.12 EPS for the current fiscal year.

Calamos Advisors LLC grew its position in TopBuild Corp. (NYSE:BLD - Free Report) by 99.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,083 shares of the construction company's stock after acquiring an additional 2,533 shares during the quarter. Calamos Advisors LLC's holdings in TopBuild were worth $2,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of TopBuild during the 3rd quarter worth approximately $27,000. First Horizon Corp lifted its position in shares of TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company's stock worth $36,000 after buying an additional 50 shares during the period. Root Financial Partners LLC bought a new position in shares of TopBuild during the 3rd quarter worth approximately $34,000. V Square Quantitative Management LLC bought a new position in shares of TopBuild during the 4th quarter worth approximately $43,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of TopBuild by 3,433.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company's stock worth $41,000 after buying an additional 103 shares during the period. Institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BLD shares. Royal Bank Of Canada raised their target price on TopBuild from $410.00 to $433.00 and gave the stock a "sector perform" rating in a research report on Friday, February 27th. Benchmark cut their target price on TopBuild from $515.00 to $500.00 and set a "buy" rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. restated a "neutral" rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. DA Davidson restated a "buy" rating and set a $465.00 target price on shares of TopBuild in a research report on Monday, April 20th. Finally, Weiss Ratings downgraded TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $447.21.

TopBuild Trading Down 1.6%

BLD stock opened at $446.38 on Tuesday. The business has a fifty day moving average price of $409.07 and a 200 day moving average price of $436.53. TopBuild Corp. has a fifty-two week low of $273.87 and a fifty-two week high of $559.47. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 5.70 and a beta of 1.78. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating analysts' consensus estimates of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the firm posted $5.13 EPS. The business's revenue was up 13.2% on a year-over-year basis. Analysts expect that TopBuild Corp. will post 18.12 EPS for the current fiscal 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.

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