Capital International Sarl Purchases New Stake in TopBuild Corp. $BLD

Capital International Sarl purchased a new stake in TopBuild Corp. (NYSE:BLD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,814 shares of the construction company’s stock, valued at approximately $757,000.

A number of other large investors have also added to or reduced their stakes in BLD. Capital International Investors raised its stake in TopBuild by 71.1% in the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after acquiring an additional 630,857 shares during the period. Orion Porfolio Solutions LLC raised its stake in TopBuild by 7,961.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after acquiring an additional 390,838 shares during the period. Norges Bank bought a new stake in TopBuild in the 4th quarter valued at $104,947,000. Westfield Capital Management Co. LP bought a new stake in TopBuild in the 3rd quarter valued at $87,955,000. Finally, Bank of America Corp DE raised its stake 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 acquiring an additional 109,572 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research analyst reports. UBS Group set a $440.00 price target on TopBuild in a research note on Wednesday, May 6th. Benchmark dropped 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. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Finally, Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $466.77.

TopBuild Stock Down 0.7%

BLD stock opened at $398.89 on Tuesday. 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 stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 5.42 and a beta of 1.80. The business’s fifty day moving average price is $408.31 and its two-hundred day moving average price is $433.78. TopBuild Corp. has a fifty-two week low of $293.14 and a fifty-two week high of $559.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.63 EPS. On average, equities analysts anticipate that TopBuild Corp. will post 18.16 earnings per share for the current 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.