OP Asset Management Ltd Makes New Investment in TopBuild Corp. $BLD

OP Asset Management Ltd purchased a new stake in TopBuild Corp. (NYSE:BLD) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,322 shares of the construction company’s stock, valued at approximately $1,167,000.

Several other large investors also recently modified their holdings of the stock. Greenleaf Trust increased its stake in shares of TopBuild by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after acquiring an additional 22 shares in the last quarter. Root Financial Partners LLC boosted its stake in TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock worth $45,000 after acquiring an additional 22 shares in the last quarter. UMB Bank n.a. grew its holdings in TopBuild by 6.1% in the fourth quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock worth $160,000 after purchasing an additional 22 shares during the period. Parallel Advisors LLC increased its stake in TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after purchasing an additional 25 shares in the last quarter. Finally, Xponance Inc. increased its stake in TopBuild by 0.8% in the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $358.54 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The business has a 50-day simple moving average of $420.18 and a two-hundred day simple moving average of $430.92. The company has a market capitalization of $10.05 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 5.77 and a beta of 1.80. TopBuild Corp. has a 52-week low of $321.67 and a 52-week high of $559.47.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $4.63 earnings per share. Research analysts expect that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BLD shares. Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. UBS Group set a $440.00 target price on TopBuild in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. Finally, DA Davidson reiterated a “neutral” rating and issued a $437.00 target price (down from $465.00) on shares of TopBuild in a report 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.com, TopBuild presently has a consensus rating of “Hold” and a consensus target price of $460.00.

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.