Amundi Grows Stake in TopBuild Corp. (NYSE:BLD)

Amundi grew its position in TopBuild Corp. (NYSE:BLD) by 23.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,787 shares of the construction company’s stock after buying an additional 15,609 shares during the quarter. Amundi owned 0.27% of TopBuild worth $25,811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new position in TopBuild during the 3rd quarter valued at about $114,220,000. FMR LLC increased its holdings in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after buying an additional 161,743 shares during the period. Jennison Associates LLC raised its stake in TopBuild by 2,833.6% in the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after buying an additional 110,143 shares in the last quarter. Natixis Advisors LLC purchased a new stake in TopBuild during the third quarter worth $41,981,000. Finally, E. Ohman J or Asset Management AB bought a new stake in TopBuild during the 4th quarter valued at $23,906,000. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BLD shares. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Loop Capital cut their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $411.78.

TopBuild Stock Performance

Shares of BLD opened at $295.10 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a 50-day moving average of $324.53 and a two-hundred day moving average of $355.40. The stock has a market cap of $8.63 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $4.69 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.