Fort Washington Investment Advisors Inc. OH Buys 18,020 Shares of TopBuild Corp. $BLD

Fort Washington Investment Advisors Inc. OH grew its position in shares of TopBuild Corp. (NYSE:BLD) by 39.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,595 shares of the construction company’s stock after acquiring an additional 18,020 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.23% of TopBuild worth $22,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors grew its position in TopBuild by 2.8% in the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock worth $1,499,500,000 after purchasing an additional 97,247 shares in the last quarter. Capital International Investors boosted its stake in shares of TopBuild by 71.1% in 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 during the last quarter. Capital World Investors grew its holdings in shares of TopBuild by 0.9% in the fourth quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock valued at $363,919,000 after acquiring an additional 7,735 shares in the last quarter. Bank of America Corp DE increased its position in shares of TopBuild by 14.8% during the second 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 last quarter. Finally, Boston Partners increased its position in shares of TopBuild by 1.0% during 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 during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD opened at $424.96 on Monday. The firm has a market cap of $11.91 billion, a PE ratio of 23.87, a PEG ratio of 5.77 and a beta of 1.80. The stock’s fifty day moving average price is $420.78 and its two-hundred day moving average price is $431.35. 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 1 year low of $320.00 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 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.63 EPS. On average, equities research analysts forecast that TopBuild Corp. will post 18.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BLD. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Wells Fargo & Company decreased their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective on the stock. in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $466.77.

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.