Magnetar Financial LLC Purchases Shares of 3,747 TopBuild Corp. $BLD

Key Points

• Magnetar Financial LLC opened a new position in TopBuild (NYSE:BLD), buying 3,747 shares in Q3 valued at about $1.465 million, joining several other funds that added or initiated stakes as institutional investors now own roughly 95.67% of the stock.
• Wall Street consensus is a Moderate Buy with an average target of $439.26, though analyst views vary—Jefferies raised its target to $536 while Wells Fargo trimmed its target to $525.
• TopBuild beat quarterly expectations with $4.50 EPS vs. $4.39 expected and $1.50B revenue (up 13.2% YoY); the stock has a market cap near $10.29 billion and a PE of about 19.98.

Magnetar Financial LLC purchased a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,747 shares of the construction company's stock, valued at approximately $1,465,000.

A number of other hedge funds have also recently bought and sold shares of BLD. Inscription Capital LLC grew its position in shares of TopBuild by 104.6% in the 3rd quarter. Inscription Capital LLC now owns 2,949 shares of the construction company's stock valued at $1,153,000 after acquiring an additional 1,508 shares during the period. Calamos Advisors LLC bought a new stake in shares of TopBuild in the 3rd quarter valued at about $997,000. WCM Investment Management LLC acquired a new stake in TopBuild in the 3rd quarter valued at about $17,734,000. Campbell & CO Investment Adviser LLC lifted its stake in TopBuild by 697.8% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company's stock valued at $3,090,000 after purchasing an additional 6,915 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in TopBuild by 244.2% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 93,870 shares of the construction company's stock worth $36,698,000 after purchasing an additional 66,601 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on TopBuild from $518.00 to $536.00 and gave the company a "buy" rating in a research report on Monday, December 15th. DA Davidson restated a "buy" rating and issued a $485.00 price target on shares of TopBuild in a research note on Wednesday, December 10th. Wells Fargo & Company cut their price target on TopBuild from $600.00 to $525.00 and set an "overweight" rating for the company in a report on Friday, February 27th. Weiss Ratings downgraded shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada increased their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a "sector perform" rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $439.26.

TopBuild Stock Performance

BLD opened at $365.69 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. The business has a fifty day simple moving average of $475.40 and a 200 day simple moving average of $442.43. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $559.47. The company has a market capitalization of $10.29 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 4.66 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, topping analysts' consensus estimates of $4.39 by $0.11. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The company's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.13 earnings per share. Research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

TopBuild Company 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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