Capital World Investors Acquires 7,735 Shares of TopBuild Corp. $BLD

Capital World Investors grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 872,309 shares of the construction company’s stock after purchasing an additional 7,735 shares during the period. Capital World Investors’ holdings in TopBuild were worth $363,919,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BLD. Capital International Investors raised its stake in shares of TopBuild by 71.1% during the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after acquiring an additional 630,857 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after acquiring an additional 390,838 shares during the last quarter. Norges Bank bought a new position in shares of TopBuild during the fourth quarter valued at $104,947,000. Westfield Capital Management Co. LP bought a new position in shares of TopBuild during the third quarter valued at $87,955,000. Finally, Bank of America Corp DE raised its stake in shares of TopBuild by 14.8% during the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after acquiring an additional 109,572 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE BLD opened at $398.89 on Tuesday. TopBuild Corp. has a twelve month low of $293.14 and a twelve month high of $559.47. The firm has a fifty day simple moving average of $408.31 and a 200 day simple moving average of $433.78. The company has a market capitalization of $11.18 billion, a PE ratio of 22.41, a P/E/G ratio of 5.42 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 earnings results 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 the consensus estimate of $1.41 billion. During the same quarter last year, the firm earned $4.63 earnings per share. TopBuild’s quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts forecast that TopBuild Corp. will post 18.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target 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. Benchmark lowered their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Wells Fargo & Company lowered their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Loop Capital downgraded shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price for the company. in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently 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.