13,253 Shares in TopBuild Corp. $BLD Purchased by Regents Gate Capital LLP

Regents Gate Capital LLP bought a new position in shares of TopBuild Corp. (NYSE:BLD) during the 1st quarter, Holdings Channel reports. The firm bought 13,253 shares of the construction company’s stock, valued at approximately $4,656,000. TopBuild makes up 1.0% of Regents Gate Capital LLP’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in shares of TopBuild during the 4th quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new stake in shares of TopBuild in the 3rd quarter worth approximately $27,000. Parallel Advisors LLC grew its holdings in shares of TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after acquiring an additional 25 shares during the period. Global Retirement Partners LLC increased its stake in TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Finally, First Horizon Corp increased its stake in TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on BLD shares. Wells Fargo & Company decreased their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. UBS Group set a $440.00 price target on TopBuild in a research report on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. JPMorgan Chase & Co. reiterated 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. Finally, Evercore set a $360.00 price objective on shares of TopBuild in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $465.00.

TopBuild Stock Performance

NYSE BLD opened at $354.53 on Friday. 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 Corp. has a fifty-two week low of $321.67 and a fifty-two week high of $559.47. The business has a fifty day moving average of $394.83 and a 200-day moving average of $423.46. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. The business had revenue of $1.45 billion for 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%.The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.63 earnings per share. As a group, analysts predict that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.

About TopBuild

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.