TopBuild Corp. (BLD) Position Increased by Westfield Capital Management Co. LP
Westfield Capital Management Co. LP increased its stake in TopBuild Corp. (NYSE:BLD) by 42.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 477,315 shares of the construction company’s stock after purchasing an additional 141,310 shares during the period. Westfield Capital Management Co. LP owned 1.34% of TopBuild worth $31,107,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Aperio Group LLC lifted its stake in TopBuild by 3.6% during the 2nd quarter. Aperio Group LLC now owns 22,828 shares of the construction company’s stock valued at $1,211,000 after acquiring an additional 800 shares during the period. Strs Ohio acquired a new stake in TopBuild during the 2nd quarter valued at approximately $440,000. Municipal Employees Retirement System of Michigan lifted its stake in TopBuild by 67.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,550 shares of the construction company’s stock valued at $772,000 after acquiring an additional 5,880 shares during the period. Great West Life Assurance Co. Can lifted its stake in TopBuild by 1.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 53,893 shares of the construction company’s stock valued at $2,858,000 after acquiring an additional 981 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in TopBuild during the 2nd quarter valued at approximately $111,000. Institutional investors own 94.93% of the company’s stock.
TopBuild Corp. (BLD) opened at $67.73 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. TopBuild Corp. has a 12 month low of $35.31 and a 12 month high of $69.34. The stock has a market cap of $2,409.79, a price-to-earnings ratio of 26.56 and a beta of 0.61.
TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The firm had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. During the same period in the previous year, the business posted $0.63 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. research analysts anticipate that TopBuild Corp. will post 2.74 earnings per share for the current year.
Several brokerages have commented on BLD. KeyCorp restated an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. BidaskClub cut shares of TopBuild from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Nomura lifted their price objective on shares of TopBuild from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. ValuEngine cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday. Finally, SunTrust Banks restated a “buy” rating and set a $75.00 price objective on shares of TopBuild in a research note on Wednesday, October 4th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $60.67.
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TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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