Capital World Investors Has $363.92 Million Stock Holdings in TopBuild Corp. $BLD

Capital World Investors increased its position in shares of TopBuild Corp. (NYSE:BLD) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 872,309 shares of the construction company’s stock after acquiring an additional 7,735 shares during the period. Capital World Investors owned about 3.11% of TopBuild worth $363,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Capital Research Global Investors boosted its position in shares of TopBuild by 2.8% during 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 acquiring an additional 97,247 shares in the last quarter. Capital International Investors boosted its position in shares of TopBuild by 71.1% during the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after acquiring an additional 630,857 shares in the last quarter. Bank of America Corp DE boosted its position in shares of TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after acquiring an additional 109,572 shares in the last quarter. Boston Partners boosted its position in shares of TopBuild by 1.0% during the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after acquiring an additional 7,400 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in TopBuild by 7.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 697,047 shares of the construction company’s stock valued at $290,811,000 after buying an additional 50,762 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research analyst reports. DA Davidson restated a “neutral” rating and issued a $437.00 target price (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. UBS Group set a $440.00 target price on shares of TopBuild in a research report on Wednesday, May 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company cut their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. One investment 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $466.77.

TopBuild Stock Performance

Shares of TopBuild stock opened at $398.89 on Tuesday. TopBuild Corp. has a fifty-two week low of $293.14 and a fifty-two week high of $559.47. 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 has a market capitalization of $11.18 billion, a P/E ratio of 22.41, a P/E/G ratio of 5.42 and a beta of 1.80. The company’s 50 day moving average price is $408.31 and its two-hundred day moving average price is $433.78.

TopBuild (NYSE:BLD) last issued 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 analyst estimates 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 quarter last year, the business posted $4.63 earnings per share. On average, equities analysts forecast that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

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.