River Global Investors LLP Raises Stock Position in TopBuild Corp. (NYSE:BLD)

River Global Investors LLP boosted its position in TopBuild Corp. (NYSE:BLD) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,305 shares of the construction company’s stock after purchasing an additional 1,005 shares during the quarter. River Global Investors LLP’s holdings in TopBuild were worth $3,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of TopBuild during the 4th quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. bought a new stake in TopBuild during the fourth quarter valued at approximately $36,000. BluePath Capital Management LLC purchased a new position in TopBuild in the third quarter worth $30,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of TopBuild by 37.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock worth $40,000 after purchasing an additional 43 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in TopBuild during the third quarter valued at approximately $44,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Down 1.6 %

NYSE BLD traded down $6.36 during trading hours on Friday, reaching $402.52. 793,120 shares of the company’s stock traded hands, compared to its average volume of 273,705. TopBuild Corp. has a 52-week low of $199.31 and a 52-week high of $452.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The firm has a 50-day simple moving average of $414.25 and a 200 day simple moving average of $359.38. The firm has a market cap of $12.81 billion, a PE ratio of 20.83, a PEG ratio of 2.98 and a beta of 1.67.

TopBuild (NYSE:BLD) last released its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.09. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $4.40 earnings per share. Sell-side analysts anticipate that TopBuild Corp. will post 21.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a report on Friday, March 1st. Stephens restated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a report on Tuesday, April 23rd. Evercore ISI lifted their price target on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. DA Davidson began coverage on shares of TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price objective for the company. Finally, Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $418.90.

TopBuild Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.