EULAV Asset Management Has $14.23 Million Holdings in TopBuild Corp. $BLD

EULAV Asset Management raised its holdings in TopBuild Corp. (NYSE:BLD) by 49.2% in the third quarter, Holdings Channel reports. The fund owned 36,400 shares of the construction company’s stock after acquiring an additional 12,000 shares during the period. EULAV Asset Management’s holdings in TopBuild were worth $14,227,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after purchasing an additional 109,572 shares in the last quarter. Boston Partners raised its holdings in TopBuild by 102.2% during the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after buying an additional 391,299 shares during the period. Orion Porfolio Solutions LLC raised its holdings in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after buying an additional 390,838 shares during the period. Liontrust Investment Partners LLP lifted its stake in TopBuild by 24.8% in the second quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock valued at $121,854,000 after buying an additional 74,695 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of TopBuild in the second quarter valued at approximately $110,238,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLD has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Vertical Research assumed coverage on TopBuild in a report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price for the company. Truist Financial boosted their price target on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. DA Davidson reiterated a “buy” rating and set a $485.00 price objective on shares of TopBuild in a report on Wednesday, December 10th. Finally, Evercore ISI dropped their target price on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $439.73.

Insider Buying and Selling at TopBuild

In related news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the transaction, the vice president directly owned 9,349 shares in the company, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

TopBuild Price Performance

Shares of NYSE BLD opened at $500.26 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The business has a 50-day moving average of $436.80 and a 200-day moving average of $416.56. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 8.03 and a beta of 1.68. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $502.88.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, beating the consensus estimate of $5.22 by $0.14. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.68 earnings per share. As a group, sell-side analysts predict that TopBuild Corp. will post 20.97 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.