Capital International Investors Has $346.79 Million Stake in TopBuild Corp. $BLD

Capital International Investors reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 22.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 887,236 shares of the construction company’s stock after selling 261,729 shares during the quarter. Capital International Investors owned approximately 3.16% of TopBuild worth $346,788,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BLD. Boston Partners increased its stake in shares of TopBuild by 102.2% during the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after purchasing an additional 391,299 shares during the period. Orion Porfolio Solutions LLC boosted its stake in TopBuild by 7,961.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after purchasing an additional 390,838 shares during the period. Norges Bank bought a new stake in TopBuild in the 2nd quarter valued at $110,238,000. Westfield Capital Management Co. LP acquired a new position in TopBuild in the 3rd quarter valued at $87,955,000. Finally, Nordea Investment Management AB increased its position in TopBuild by 228.6% during the 3rd quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock worth $107,873,000 after buying an additional 193,969 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLD has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada boosted their price objective 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, Jefferies Financial Group increased their target price 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. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus price target of $439.26.

TopBuild Stock Down 0.7%

BLD stock opened at $384.22 on Wednesday. The company has a market cap of $10.81 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 4.74 and a beta of 1.72. The business has a 50-day simple moving average of $477.22 and a 200 day simple moving average of $443.41. TopBuild Corp. has a 52 week low of $266.26 and a 52 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.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share 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 business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business posted $5.13 earnings per share. TopBuild’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS 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.