Westfield Capital Management Co. LP Purchases 30,422 Shares of TopBuild Corp. $BLD

Westfield Capital Management Co. LP lifted its position in TopBuild Corp. (NYSE:BLD) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,451 shares of the construction company’s stock after acquiring an additional 30,422 shares during the quarter. Westfield Capital Management Co. LP’s holdings in TopBuild were worth $106,572,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its holdings in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after buying an additional 390,838 shares in the last quarter. Norges Bank bought a new stake in TopBuild during the 4th quarter valued at about $104,947,000. Bank of America Corp DE lifted its holdings in TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after buying an additional 109,572 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in TopBuild by 94.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 208,695 shares of the construction company’s stock valued at $87,065,000 after buying an additional 101,472 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd bought a new stake in TopBuild during the 4th quarter valued at about $37,239,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 0.6%

Shares of TopBuild stock opened at $405.96 on Friday. The firm’s 50 day moving average price is $406.50 and its 200-day moving average price is $433.87. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 52-week low of $287.50 and a 52-week high of $559.47. The company has a market cap of $11.38 billion, a P/E ratio of 22.81, a PEG ratio of 5.51 and a beta of 1.80.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm earned $4.63 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, sell-side analysts predict that TopBuild Corp. will post 18.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BLD. DA Davidson reiterated a “neutral” rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company decreased their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Finally, Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Hold” and an average target price of $466.77.

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.