225,029 Shares in TopBuild Corp. $BLD Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP bought a new position in TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 225,029 shares of the construction company’s stock, valued at approximately $87,955,000. Westfield Capital Management Co. LP owned approximately 0.80% of TopBuild at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in 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 buying an additional 109,572 shares during the period. Boston Partners boosted its position in shares of TopBuild by 102.2% during the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after acquiring an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings 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 worth $128,119,000 after purchasing an additional 390,838 shares in the last quarter. Liontrust Investment Partners LLP raised 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 purchasing an additional 74,695 shares in the last quarter. Finally, Norges Bank bought a new stake in TopBuild during the second quarter valued at approximately $110,238,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Evercore cut their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. DA Davidson reiterated a “buy” rating and set a $485.00 price objective on shares of TopBuild in a research report on Wednesday, December 10th. Weiss Ratings upgraded TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, Benchmark upped their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $443.73.

TopBuild Trading Down 4.8%

Shares of BLD stock opened at $486.48 on Thursday. The business has a 50-day moving average of $478.82 and a 200 day moving average of $443.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $559.47. The stock has a market capitalization of $13.66 billion, a PE ratio of 24.69, a P/E/G ratio of 8.26 and a beta of 1.70.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current 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.