TopBuild Corp. $BLD Shares Acquired by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. increased its position in TopBuild Corp. (NYSE:BLD) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 82,810 shares of the construction company’s stock after purchasing an additional 2,381 shares during the period. TopBuild accounts for about 1.2% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 27th biggest holding. Dixon Mitchell Investment Counsel Inc. owned 0.30% of TopBuild worth $32,402,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its position in TopBuild by 1.8% during the third quarter. Capital Research Global Investors now owns 3,496,884 shares of the construction company’s stock worth $1,366,806,000 after buying an additional 62,690 shares during the period. Capital World Investors lifted its stake in TopBuild by 1.8% in the third quarter. Capital World Investors now owns 864,574 shares of the construction company’s stock valued at $337,927,000 after buying an additional 15,009 shares during the last quarter. Vestcor Inc boosted its holdings in shares of TopBuild by 63.6% in the third quarter. Vestcor Inc now owns 2,600 shares of the construction company’s stock valued at $1,016,000 after acquiring an additional 1,011 shares during the period. Russell Investments Group Ltd. grew its position in shares of TopBuild by 52.3% during the third quarter. Russell Investments Group Ltd. now owns 32,253 shares of the construction company’s stock worth $12,607,000 after acquiring an additional 11,081 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of TopBuild by 37.1% during the third quarter. Schroder Investment Management Group now owns 5,094 shares of the construction company’s stock worth $1,991,000 after acquiring an additional 1,379 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Down 0.1%

Shares of NYSE:BLD opened at $387.01 on Tuesday. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $559.47. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. The firm’s 50-day simple moving average is $478.05 and its 200-day simple moving average is $443.77. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 4.75 and a beta of 1.72.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company posted $5.13 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Benchmark lowered their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. DA Davidson restated a “buy” rating and issued a $485.00 price objective on shares of TopBuild in a research note on Wednesday, December 10th. Royal Bank Of Canada upped their target price on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Finally, Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $439.26.

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.