Magnetar Financial LLC Takes $1.94 Million Position in TopBuild Corp. (NYSE:BLD)

Magnetar Financial LLC acquired a new position in TopBuild Corp. (NYSE:BLD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,027 shares of the construction company’s stock, valued at approximately $1,937,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Axiom Investors LLC DE purchased a new position in shares of TopBuild in the fourth quarter worth about $87,451,000. Capital International Investors grew its stake in TopBuild by 14.0% in the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after buying an additional 198,614 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after acquiring an additional 130,563 shares during the period. Liontrust Investment Partners LLP lifted its position in shares of TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after acquiring an additional 57,880 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of TopBuild by 268.8% during the fourth quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock worth $27,703,000 after acquiring an additional 53,950 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BLD. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Monday. Stephens decreased their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. DA Davidson lowered their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Evercore ISI reduced their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group upped their target price on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Price Performance

BLD stock opened at $407.53 on Tuesday. The firm has a 50 day simple moving average of $404.59 and a two-hundred day simple moving average of $407.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The stock has a market cap of $12.97 billion, a PE ratio of 20.54, a P/E/G ratio of 2.27 and a beta of 1.77. TopBuild Corp. has a one year low of $217.08 and a one year high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company earned $5.25 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that TopBuild Corp. will post 21.18 EPS for the current fiscal year.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material 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, garage doors, fireplaces, roofing materials, closet shelving, and other products.