Fort Washington Investment Advisors Inc. OH Acquires 18,020 Shares of TopBuild Corp. $BLD

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of TopBuild Corp. (NYSE:BLD) by 39.5% during the first quarter, HoldingsChannel reports. The fund owned 63,595 shares of the construction company’s stock after purchasing an additional 18,020 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in TopBuild were worth $22,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BLD. Mirabella Financial Services LLP lifted its holdings in TopBuild by 160.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock worth $2,242,000 after purchasing an additional 3,544 shares in the last quarter. Border to Coast Pensions Partnership Ltd bought a new stake in shares of TopBuild during the fourth quarter valued at about $4,919,000. Emissary Wealth LLC bought a new stake in shares of TopBuild during the fourth quarter valued at about $1,109,000. Magnetar Financial LLC bought a new stake in shares of TopBuild during the third quarter valued at about $1,465,000. Finally, SG Americas Securities LLC lifted its holdings in shares of TopBuild by 144.7% in the fourth quarter. SG Americas Securities LLC now owns 33,204 shares of the construction company’s stock worth $13,852,000 after buying an additional 19,636 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $424.96 on Monday. The stock has a market cap of $11.91 billion, a P/E ratio of 23.87, a PEG ratio of 5.77 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. The business’s 50-day moving average price is $420.78 and its two-hundred day moving average price is $431.35. TopBuild Corp. has a twelve month low of $320.00 and a twelve month high of $559.47.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.TopBuild’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.63 earnings per share. As a group, equities analysts predict that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

Analysts Set New Price Targets

BLD has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a research note on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. Finally, UBS Group set a $440.00 price target on shares of TopBuild in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $466.77.

TopBuild 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.