Capital Research Global Investors Acquires 41,047 Shares of TopBuild Corp. (NYSE:BLD)

Capital Research Global Investors increased its holdings in TopBuild Corp. (NYSE:BLD) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,029,012 shares of the construction company’s stock after buying an additional 41,047 shares during the period. Capital Research Global Investors owned 10.27% of TopBuild worth $943,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of TopBuild during the 4th quarter valued at $108,688,000. E. Ohman J or Asset Management AB bought a new position in TopBuild in the 4th quarter valued at about $23,906,000. Invesco Ltd. raised its position in shares of TopBuild by 14.6% in the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock valued at $185,353,000 after buying an additional 75,713 shares in the last quarter. Jackson Square Partners LLC bought a new stake in shares of TopBuild during the 4th quarter worth approximately $19,462,000. Finally, Victory Capital Management Inc. boosted its position in shares of TopBuild by 116.9% during the 4th quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock worth $29,442,000 after acquiring an additional 50,959 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLD has been the subject of several recent analyst reports. Loop Capital cut their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. The Goldman Sachs Group lowered their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Stock Up 2.3 %

TopBuild stock opened at $285.65 on Friday. The firm has a 50 day moving average price of $302.52 and a two-hundred day moving average price of $336.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.82 and a beta of 1.78.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business earned $4.69 earnings per share. TopBuild’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

About TopBuild

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.