Norges Bank Takes Position in TopBuild Corp. $BLD

Norges Bank acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 251,556 shares of the construction company’s stock, valued at approximately $104,947,000. Norges Bank owned 0.90% of TopBuild as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Eurizon Capital SGR S.p.A. purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $261,000. Kestra Investment Management LLC purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $534,000. Clearstead Advisors LLC boosted its stake in shares of TopBuild by 212.4% during the fourth quarter. Clearstead Advisors LLC now owns 653 shares of the construction company’s stock valued at $272,000 after purchasing an additional 444 shares during the period. Narus Financial Partners LLC purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $209,000. Finally, Genus Capital Management Inc. boosted its stake in shares of TopBuild by 13.1% during the fourth quarter. Genus Capital Management Inc. now owns 11,837 shares of the construction company’s stock valued at $4,938,000 after purchasing an additional 1,372 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD stock opened at $402.45 on Friday. The stock has a fifty day moving average of $407.27 and a 200 day moving average of $433.65. TopBuild Corp. has a 52 week low of $293.14 and a 52 week high of $559.47. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 5.48 and a beta of 1.80. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm posted $4.63 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. As a group, research analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLD. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. UBS Group set a $440.00 price target on TopBuild in a research note on Wednesday, May 6th. Loop Capital lowered TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price target on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $466.77.

TopBuild Company 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.