Calamos Advisors LLC Has $7.63 Million Holdings in TopBuild Corp (NYSE:BLD)

Calamos Advisors LLC lessened its position in shares of TopBuild Corp (NYSE:BLD) by 38.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,107 shares of the construction company’s stock after selling 48,870 shares during the quarter. Calamos Advisors LLC owned approximately 0.23% of TopBuild worth $7,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of TopBuild by 19.8% during the 1st quarter. First Trust Advisors LP now owns 45,325 shares of the construction company’s stock worth $2,938,000 after purchasing an additional 7,493 shares in the last quarter. Cortina Asset Management LLC purchased a new stake in shares of TopBuild during the 2nd quarter worth $5,179,000. NEXT Financial Group Inc purchased a new stake in shares of TopBuild during the 2nd quarter worth $226,000. Renaissance Investment Group LLC boosted its position in shares of TopBuild by 1.8% during the 2nd quarter. Renaissance Investment Group LLC now owns 58,105 shares of the construction company’s stock worth $4,809,000 after purchasing an additional 1,054 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of TopBuild by 3.0% during the 2nd quarter. New York State Teachers Retirement System now owns 86,697 shares of the construction company’s stock worth $7,175,000 after purchasing an additional 2,563 shares in the last quarter. 95.05% of the stock is currently owned by institutional investors.

BLD has been the topic of several research analyst reports. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, SunTrust Banks boosted their target price on shares of TopBuild to $86.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. TopBuild has a consensus rating of “Buy” and a consensus target price of $87.20.

TopBuild stock opened at $100.50 on Wednesday. TopBuild Corp has a 52 week low of $41.27 and a 52 week high of $102.81. The company has a quick ratio of 1.31, a current ratio of 1.63 and a debt-to-equity ratio of 0.67. The firm’s 50-day simple moving average is $95.58 and its 200 day simple moving average is $84.58. The firm has a market capitalization of $3.48 billion, a PE ratio of 23.99, a P/E/G ratio of 0.69 and a beta of 0.81.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.28 by $0.15. TopBuild had a net margin of 6.67% and a return on equity of 15.65%. The business had revenue of $660.10 million for the quarter, compared to analyst estimates of $670.66 million. During the same period in the previous year, the firm earned $1.06 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, research analysts expect that TopBuild Corp will post 5.24 EPS for the current fiscal year.

In related news, CEO Gerald Volas sold 25,445 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $90.04, for a total value of $2,291,067.80. Following the sale, the chief executive officer now directly owns 161,698 shares in the company, valued at approximately $14,559,287.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert M. Buck sold 6,419 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $88.49, for a total transaction of $568,017.31. Following the completion of the sale, the chief operating officer now owns 40,011 shares in the company, valued at $3,540,573.39. The disclosure for this sale can be found here. Insiders sold a total of 43,541 shares of company stock worth $3,889,352 over the last quarter. Insiders own 2.30% of the company’s stock.

TopBuild Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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