TopBuild Corp. $BLD Shares Bought by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lifted its stake in shares of TopBuild Corp. (NYSE:BLD) by 534.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,723 shares of the construction company’s stock after purchasing an additional 62,954 shares during the quarter. Border to Coast Pensions Partnership Ltd owned about 0.27% of TopBuild worth $26,331,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors increased its stake in TopBuild by 2.8% during the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock valued at $1,499,500,000 after buying an additional 97,247 shares during the period. Capital International Investors raised its position in shares of TopBuild by 71.1% during the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after buying an additional 630,857 shares in the last quarter. Capital World Investors lifted its stake in shares of TopBuild by 0.9% in the 4th quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after acquiring an additional 7,735 shares during the period. Bank of America Corp DE lifted its stake in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after acquiring an additional 109,572 shares during the period. Finally, Boston Partners boosted its holdings in shares of TopBuild by 1.0% in the third quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after acquiring an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BLD shares. Wells Fargo & Company lowered their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Loop Capital lowered TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a research note on Wednesday, May 6th. DA Davidson reiterated a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Finally, UBS Group set a $440.00 price objective on TopBuild in a report on Wednesday, May 6th. 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 data from MarketBeat.com, TopBuild currently has an average rating of “Hold” and a consensus target price of $466.77.

TopBuild Stock Performance

Shares of BLD opened at $424.96 on Friday. The firm’s 50 day moving average is $420.78 and its 200-day moving average is $431.36. The stock has a market capitalization of $11.91 billion, a P/E ratio of 23.87, a P/E/G ratio of 5.77 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. TopBuild Corp. has a 12-month low of $320.00 and a 12-month high of $559.47.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.64 by $0.11. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.63 earnings per share. Equities research analysts anticipate that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

TopBuild 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.