Tudor Investment Corp ET AL Purchases 8,465 Shares of TopBuild Corp. $BLD

Key Points

• Tudor Investment Corp ET AL boosted its stake in TopBuild by 1,058.1% in Q3, purchasing 8,465 shares to own 9,265 shares valued at about $3.62 million, and institutional investors now hold 95.67% of the company.
• TopBuild beat Q4 estimates with EPS of $4.50 vs. $4.39 and revenue of $1.50 billion (up 13.2% year-over-year), reporting a 25.66% return on equity and a 9.65% net margin.
• The stock recently opened at $347.19 (down 4.7%), has a market cap of $9.77 billion and a P/E of 18.97, while analysts give a consensus "Moderate Buy" and an average price target of $437.93.

Tudor Investment Corp ET AL grew its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 1,058.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Research Global Investors grew its holdings in shares of TopBuild by 1.8% during the 3rd quarter. Capital Research Global Investors now owns 3,496,884 shares of the construction company's stock valued at $1,366,806,000 after purchasing an additional 62,690 shares during the last quarter. Capital World Investors boosted its holdings in TopBuild by 1.8% during the 3rd quarter. Capital World Investors now owns 864,574 shares of the construction company's stock valued at $337,927,000 after acquiring an additional 15,009 shares during the period. Bank of America Corp DE increased its stake in TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company's stock worth $274,349,000 after purchasing an additional 109,572 shares during the period. Boston Partners lifted its position in TopBuild by 1.0% in the third quarter. Boston Partners now owns 781,561 shares of the construction company's stock valued at $305,662,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of TopBuild by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 496,055 shares of the construction company's stock valued at $193,891,000 after purchasing an additional 2,951 shares during the period. Institutional investors own 95.67% of the company's stock.

TopBuild Trading Down 4.7%

Shares of NYSE:BLD opened at $347.19 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. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $559.47. The company has a market cap of $9.77 billion, a P/E ratio of 18.97, a PEG ratio of 4.58 and a beta of 1.72. The stock's fifty day moving average price is $454.55 and its 200-day moving average price is $437.63.

TopBuild (NYSE:BLD - Get Free Report) last issued 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 business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.TopBuild's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.13 EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BLD. Jefferies Financial Group upped their price objective on shares of TopBuild from $518.00 to $536.00 and gave the company a "buy" rating in a research note on Monday, December 15th. Wells Fargo & Company cut their price objective on TopBuild from $600.00 to $525.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. DA Davidson decreased their target price on TopBuild from $485.00 to $465.00 and set a "buy" rating for the company in a report on Wednesday, March 18th. Benchmark dropped their price target on TopBuild from $515.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, Weiss Ratings downgraded shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $437.93.

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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