TopBuild Corp. $BLD Shares Bought by Spire Wealth Management

Spire Wealth Management grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 3,846.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,023 shares of the construction company’s stock after purchasing an additional 9,769 shares during the period. Spire Wealth Management’s holdings in TopBuild were worth $4,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BLD. Capital Research Global Investors grew its holdings in shares of TopBuild by 1.8% in the third quarter. Capital Research Global Investors now owns 3,496,884 shares of the construction company’s stock valued at $1,366,806,000 after purchasing an additional 62,690 shares in the last quarter. Capital World Investors lifted its holdings in TopBuild by 1.8% during the 3rd quarter. Capital World Investors now owns 864,574 shares of the construction company’s stock worth $337,927,000 after buying an additional 15,009 shares in the last quarter. Bank of America Corp DE boosted its position in TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after buying an additional 109,572 shares during the period. Boston Partners boosted its position in TopBuild by 1.0% in the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after buying an additional 7,400 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of TopBuild by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 496,055 shares of the construction company’s stock worth $193,891,000 after acquiring an additional 2,951 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BLD. Jefferies Financial Group increased their price objective on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Zacks Research cut TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada upped their price target on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Wells Fargo & Company reduced their price target on TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Finally, Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $437.93.

TopBuild Price Performance

TopBuild stock opened at $348.90 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The company has a fifty day simple moving average of $451.66 and a 200-day simple moving average of $437.29. The stock has a market cap of $9.82 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 4.38 and a beta of 1.72. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $559.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.TopBuild’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $5.13 earnings per share. Equities analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

About TopBuild

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.