Fiera Capital Corp Buys 41,301 Shares of TopBuild Corp. $BLD

Fiera Capital Corp increased its stake in shares of TopBuild Corp. (NYSE:BLD) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,378 shares of the construction company’s stock after purchasing an additional 41,301 shares during the quarter. Fiera Capital Corp owned about 0.60% of TopBuild worth $69,828,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Greenleaf Trust grew its stake in shares of TopBuild by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after purchasing an additional 22 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock valued at $45,000 after purchasing an additional 22 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of TopBuild by 50.0% during 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 during the last quarter. Xponance Inc. grew its stake in shares of TopBuild by 0.8% during 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 during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its stake in TopBuild by 3.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 844 shares of the construction company’s stock valued at $330,000 after acquiring an additional 27 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

Shares of BLD stock opened at $402.45 on Monday. The firm’s 50 day moving average price is $407.27 and its two-hundred day moving average price is $433.86. 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 stock has a market cap of $11.28 billion, a PE ratio of 22.61, a PEG ratio of 5.42 and a beta of 1.80. TopBuild Corp. has a 52-week low of $293.14 and a 52-week high of $559.47.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. The company had revenue of $1.45 billion for 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 revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $4.63 earnings per share. As a group, analysts forecast that TopBuild Corp. will post 18.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Royal Bank Of Canada raised their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. UBS Group set a $440.00 price objective on shares of TopBuild in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Finally, Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective on the stock. in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.