Fifth Third Bancorp Purchases 11,186 Shares of TopBuild Corp. $BLD

Fifth Third Bancorp grew its holdings in TopBuild Corp. (NYSE:BLD) by 3,431.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,512 shares of the construction company’s stock after buying an additional 11,186 shares during the period. Fifth Third Bancorp’s holdings in TopBuild were worth $4,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in shares of TopBuild by 2.8% during the fourth quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock worth $1,499,500,000 after buying an additional 97,247 shares in the last quarter. Capital International Investors grew its position in TopBuild by 71.1% in the fourth 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 last quarter. Capital World Investors increased its position in TopBuild by 0.9% during the 4th quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after purchasing an additional 7,735 shares in the last quarter. 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 valued at $274,349,000 after acquiring an additional 109,572 shares during the last quarter. Finally, Boston Partners boosted its stake 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 purchasing an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BLD shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. Wells Fargo & Company lowered their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, DA Davidson restated 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, four have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $465.00.

TopBuild Price Performance

BLD opened at $354.53 on Friday. The firm has a market cap of $9.94 billion, a P/E ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. TopBuild Corp. has a fifty-two week low of $321.67 and a fifty-two week high of $559.47. The firm has a 50-day moving average of $394.83 and a 200 day moving average of $423.46.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share 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 net margin of 8.95% and a return on equity of 23.53%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.63 earnings per share. On average, research analysts expect that TopBuild Corp. will post 18.07 EPS for the current 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.