Assenagon Asset Management S.A. Acquires 11,760 Shares of TopBuild Corp. (NYSE:BLD)

Assenagon Asset Management S.A. boosted its holdings in TopBuild Corp. (NYSE:BLD) by 203.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,538 shares of the construction company’s stock after purchasing an additional 11,760 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.06% of TopBuild worth $5,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BLD. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TopBuild during the 3rd quarter worth approximately $114,220,000. FMR LLC raised its holdings in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares in the last quarter. Jennison Associates LLC raised its holdings in TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after buying an additional 110,143 shares during the period. Natixis Advisors LLC purchased a new stake in TopBuild during the 3rd quarter valued at $41,981,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after buying an additional 48,562 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

BLD opened at $346.72 on Tuesday. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The business’s fifty day simple moving average is $345.35 and its 200-day simple moving average is $378.86. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.84 and a beta of 1.84.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $5.43 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, DA Davidson decreased their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

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.