Capital International Investors Grows Stock Position in TopBuild Corp. $BLD

Capital International Investors raised its holdings in TopBuild Corp. (NYSE:BLD) by 71.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,518,093 shares of the construction company’s stock after buying an additional 630,857 shares during the quarter. Capital International Investors owned about 0.05% of TopBuild worth $633,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. increased its position in shares of TopBuild by 20.7% in the third quarter. Citigroup Inc. now owns 34,992 shares of the construction company’s stock valued at $13,677,000 after buying an additional 5,991 shares in the last quarter. Mirabella Financial Services LLP increased its position in shares of TopBuild by 160.9% in the third quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock valued at $2,242,000 after buying an additional 3,544 shares in the last quarter. Forge First Asset Management Inc. purchased a new stake in shares of TopBuild in the third quarter valued at approximately $5,251,000. First National Bank of Omaha purchased a new stake in shares of TopBuild in the third quarter valued at approximately $1,689,000. Finally, Border to Coast Pensions Partnership Ltd purchased a new stake in shares of TopBuild in the fourth quarter valued at approximately $4,919,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on BLD shares. Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a research report on Wednesday, May 6th. Benchmark lowered their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, UBS Group set a $440.00 price target on TopBuild in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $466.77.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $402.45 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The business’s 50 day moving average price is $407.27 and its 200-day moving average price is $433.86. The firm has a market capitalization of $11.28 billion, a PE ratio of 22.61, a P/E/G ratio of 5.42 and a beta of 1.80. TopBuild Corp. has a 1 year low of $293.14 and a 1 year high of $559.47.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.63 earnings per share. As a group, equities research analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

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.