Dixon Mitchell Investment Counsel Inc. Decreases Stake in TopBuild Corp. $BLD

Dixon Mitchell Investment Counsel Inc. lessened its stake in TopBuild Corp. (NYSE:BLD) by 57.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,028 shares of the construction company’s stock after selling 47,782 shares during the quarter. Dixon Mitchell Investment Counsel Inc. owned 0.12% of TopBuild worth $14,650,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BLD. Citigroup Inc. raised its position in shares of TopBuild by 20.7% during the 3rd quarter. Citigroup Inc. now owns 34,992 shares of the construction company’s stock worth $13,677,000 after acquiring an additional 5,991 shares in the last quarter. Mirabella Financial Services LLP raised its position in shares of 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 acquiring an additional 3,544 shares in the last quarter. First National Bank of Omaha acquired a new stake in shares of TopBuild during the 3rd quarter worth about $1,689,000. Forge First Asset Management Inc. acquired a new stake in shares of TopBuild during the 3rd quarter worth about $5,251,000. Finally, Border to Coast Pensions Partnership Ltd acquired a new stake in shares of TopBuild during the 4th quarter worth about $4,919,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BLD has been the topic of several research analyst reports. Loop Capital lowered TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target on the stock. in a research report on Wednesday, May 6th. UBS Group set a $440.00 price target on TopBuild in a research report on Wednesday, May 6th. Benchmark cut their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research report on Tuesday. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $466.77.

TopBuild Stock Performance

Shares of BLD stock opened at $411.27 on Friday. The stock has a fifty day moving average price of $412.67 and a 200 day moving average price of $433.36. The stock has a market cap of $11.53 billion, a PE ratio of 23.11, a P/E/G ratio of 5.54 and a beta of 1.80. TopBuild Corp. has a 1 year low of $293.14 and a 1 year high of $559.47. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $4.63 earnings per share. Sell-side analysts forecast that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

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.