Y Intercept Hong Kong Ltd Increases Position in TopBuild Corp. $BLD

Y Intercept Hong Kong Ltd grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 604.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,028 shares of the construction company’s stock after buying an additional 18,041 shares during the period. Y Intercept Hong Kong Ltd’s holdings in TopBuild were worth $7,387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirabella Financial Services LLP grew its position in TopBuild by 160.9% in the 3rd quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock valued at $2,242,000 after acquiring an additional 3,544 shares during the last quarter. Border to Coast Pensions Partnership Ltd bought a new stake in shares of TopBuild during the fourth quarter worth $4,919,000. Emissary Wealth LLC bought a new stake in shares of TopBuild during the fourth quarter worth $1,109,000. Magnetar Financial LLC purchased a new stake in shares of TopBuild during the third quarter valued at $1,465,000. Finally, SG Americas Securities LLC boosted its stake in shares of TopBuild by 144.7% during the fourth quarter. SG Americas Securities LLC now owns 33,204 shares of the construction company’s stock valued at $13,852,000 after purchasing an additional 19,636 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BLD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Loop Capital downgraded shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a research note on Wednesday, May 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Finally, Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $460.00.

TopBuild Price Performance

BLD opened at $354.53 on Friday. TopBuild Corp. has a 12-month low of $321.67 and a 12-month high of $559.47. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The business’s fifty day simple moving average is $412.06 and its 200-day simple moving average is $428.58. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.63 earnings per share. On average, equities research analysts anticipate that TopBuild Corp. will post 18.07 earnings per share 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.