Caxton Associates LLP Makes New $1.22 Million Investment in TopBuild Corp. $BLD

Caxton Associates LLP bought a new stake in TopBuild Corp. (NYSE:BLD) in the first quarter, HoldingsChannel reports. The institutional investor bought 3,463 shares of the construction company’s stock, valued at approximately $1,217,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLD. Victory Capital Management Inc. grew its stake in shares of TopBuild by 464.5% during the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock worth $324,434,000 after purchasing an additional 639,915 shares during the period. Capital International Investors grew its position in TopBuild by 71.1% during the fourth 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 period. Orion Porfolio Solutions LLC increased its holdings in TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after buying an additional 390,838 shares in the last quarter. Norges Bank purchased a new position in TopBuild in the fourth quarter valued at about $104,947,000. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of TopBuild during the 4th quarter valued at approximately $101,450,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE BLD opened at $354.53 on Monday. TopBuild Corp. has a 12-month low of $321.67 and a 12-month high of $559.47. The company has a market capitalization of $9.94 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 4.80 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. The firm’s 50-day moving average is $389.00 and its two-hundred day moving average is $420.87.

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

Wall Street Analysts Forecast Growth

BLD has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. DA Davidson reaffirmed a “neutral” rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. UBS Group set a $440.00 target price on TopBuild in a research report on Wednesday, May 6th. Finally, Evercore set a $360.00 price target on TopBuild in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, TopBuild presently has a consensus rating of “Hold” and an average target price of $465.00.

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.