True Vision MN LLC Takes $457,000 Position in TopBuild Corp. $BLD

True Vision MN LLC bought a new position in TopBuild Corp. (NYSE:BLD) during the 1st quarter, Holdings Channel reports. The fund bought 1,302 shares of the construction company’s stock, valued at approximately $457,000.

A number of other hedge funds also recently made changes to their positions in BLD. Capital Research Global Investors grew its holdings in TopBuild by 2.8% during the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock valued at $1,499,500,000 after buying an additional 97,247 shares in the last quarter. Capital International Investors increased its stake in TopBuild by 71.1% in the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after acquiring an additional 630,857 shares during the last quarter. Capital World Investors increased its stake in TopBuild by 0.9% in the 4th quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after acquiring an additional 7,735 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after acquiring an additional 109,572 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of TopBuild by 1.0% during the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after acquiring an additional 7,400 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BLD. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. Benchmark decreased their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. DA Davidson reiterated a “neutral” rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Finally, Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $466.77.

TopBuild Trading Down 0.2%

Shares of BLD stock opened at $425.72 on Monday. TopBuild Corp. has a 1 year low of $300.27 and a 1 year high of $559.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The stock’s 50 day simple moving average is $418.29 and its two-hundred day simple moving average is $432.19. The company has a market cap of $11.93 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 5.75 and a beta of 1.80.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the company earned $4.63 EPS. Research analysts predict that TopBuild Corp. will post 18.16 earnings per share for the current 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.