Assenagon Asset Management S.A. Buys 126 Shares of TopBuild Corp. (NYSE:BLD)

Assenagon Asset Management S.A. raised its stake in TopBuild Corp. (NYSE:BLDGet Rating) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,599 shares of the construction company’s stock after purchasing an additional 126 shares during the quarter. Assenagon Asset Management S.A.’s holdings in TopBuild were worth $263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BLD. ValueAct Holdings L.P. grew its stake in TopBuild by 462.1% in the second quarter. ValueAct Holdings L.P. now owns 1,204,908 shares of the construction company’s stock valued at $201,412,000 after purchasing an additional 990,537 shares in the last quarter. Capital International Investors boosted its stake in shares of TopBuild by 135.6% during the 1st quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock worth $165,778,000 after acquiring an additional 526,053 shares during the period. Millennium Management LLC boosted its stake in shares of TopBuild by 1,764.4% during the 2nd quarter. Millennium Management LLC now owns 172,181 shares of the construction company’s stock worth $28,782,000 after acquiring an additional 162,946 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of TopBuild by 282.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 167,335 shares of the construction company’s stock worth $27,989,000 after acquiring an additional 123,572 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of TopBuild by 142.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 183,021 shares of the construction company’s stock worth $30,593,000 after acquiring an additional 107,509 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLD has been the subject of several research analyst reports. Credit Suisse Group reduced their target price on TopBuild to $224.00 in a research note on Thursday, October 20th. Stephens reduced their target price on TopBuild from $184.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 2nd. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Wednesday, January 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded TopBuild from a “hold” rating to a “buy” rating and boosted their price target for the company from $201.00 to $227.00 in a research note on Tuesday, January 10th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $228.50.

TopBuild Price Performance

Shares of NYSE BLD opened at $188.28 on Thursday. The stock has a market capitalization of $6.02 billion, a PE ratio of 12.54 and a beta of 1.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.84 and a quick ratio of 1.27. The business has a fifty day moving average price of $159.65 and a two-hundred day moving average price of $171.95. TopBuild Corp. has a fifty-two week low of $140.66 and a fifty-two week high of $243.30.

TopBuild (NYSE:BLDGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The construction company reported $4.80 earnings per share for the quarter, beating the consensus estimate of $4.09 by $0.71. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.21 billion. TopBuild had a return on equity of 29.99% and a net margin of 10.20%. As a group, equities analysts predict that TopBuild Corp. will post 16.75 earnings per share for the current fiscal year.

TopBuild Profile

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TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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