Quantbot Technologies LP Invests $638,000 in TopBuild Corp. $BLD

Quantbot Technologies LP purchased a new position in TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,633 shares of the construction company’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE increased 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 worth $274,349,000 after purchasing an additional 109,572 shares during the last quarter. Boston Partners boosted its stake in shares of TopBuild by 102.2% during the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after buying an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after buying an additional 390,838 shares in the last quarter. Liontrust Investment Partners LLP grew its position in shares of TopBuild by 24.8% during the second quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock worth $121,854,000 after buying an additional 74,695 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of TopBuild in the second quarter worth $110,238,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a report on Monday, December 15th. Royal Bank Of Canada boosted their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Benchmark reduced their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Wells Fargo & Company decreased their price target on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $439.26.

TopBuild Stock Performance

Shares of BLD opened at $388.11 on Monday. The stock has a market capitalization of $10.92 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 4.75 and a beta of 1.72. The business’s fifty day moving average price is $478.86 and its 200 day moving average price is $443.97. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $559.47.

TopBuild (NYSE:BLD) last released its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm earned $5.13 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

TopBuild 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.