Calamos Advisors LLC Makes New $997,000 Investment in TopBuild Corp. $BLD

Calamos Advisors LLC acquired a new stake in TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,550 shares of the construction company’s stock, valued at approximately $997,000.

A number of other large investors also recently modified their holdings of the stock. MAI Capital Management increased its holdings in shares of TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. CWM LLC boosted its position in TopBuild by 6.6% in the 3rd quarter. CWM LLC now owns 419 shares of the construction company’s stock valued at $164,000 after buying an additional 26 shares during the last quarter. Secure Asset Management LLC boosted its position in TopBuild by 1.3% in the 2nd quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company’s stock valued at $702,000 after buying an additional 27 shares during the last quarter. UMB Bank n.a. increased its stake in shares of TopBuild by 8.0% in the 2nd quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock valued at $118,000 after buying an additional 27 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of TopBuild by 2.0% during the second quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company’s stock worth $555,000 after acquiring an additional 34 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. Vertical Research started coverage on TopBuild in a report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target on the stock. Weiss Ratings upgraded shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Benchmark raised their target price on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group boosted their price target on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada started coverage on shares of TopBuild in a report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $437.06.

TopBuild Stock Down 1.7%

TopBuild stock opened at $417.97 on Friday. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 6.96 and a beta of 1.68. The company’s 50 day simple moving average is $430.46 and its 200 day simple moving average is $406.35. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $461.49.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, beating the consensus estimate of $5.22 by $0.14. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.68 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the transaction, the vice president directly owned 9,349 shares in the company, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.43% of the company’s stock.

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.