TopBuild Corp. $BLD Holdings Raised by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lifted its stake in TopBuild Corp. (NYSE:BLD) by 534.9% in the first quarter, HoldingsChannel reports. The firm owned 74,723 shares of the construction company’s stock after purchasing an additional 62,954 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in TopBuild were worth $26,331,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Mirabella Financial Services LLP boosted its holdings in shares of TopBuild by 160.9% in the third quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock worth $2,242,000 after buying an additional 3,544 shares during the period. Citigroup Inc. raised its holdings in shares of TopBuild by 20.7% during the third quarter. Citigroup Inc. now owns 34,992 shares of the construction company’s stock valued at $13,677,000 after acquiring an additional 5,991 shares during the period. Emissary Wealth LLC acquired a new stake in shares of TopBuild during the fourth quarter valued at approximately $1,109,000. Magnetar Financial LLC purchased a new stake in shares of TopBuild in the 3rd quarter valued at approximately $1,465,000. Finally, SG Americas Securities LLC lifted its position in shares of TopBuild by 144.7% in the 4th quarter. SG Americas Securities LLC now owns 33,204 shares of the construction company’s stock valued at $13,852,000 after acquiring an additional 19,636 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD opened at $424.96 on Friday. The company’s 50 day moving average price is $420.78 and its 200 day moving average price is $431.36. TopBuild Corp. has a 52 week low of $320.00 and a 52 week high of $559.47. The company has a market capitalization of $11.91 billion, a PE ratio of 23.87, a PEG ratio of 5.77 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00.

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. 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 analyst estimates of $1.41 billion. During the same quarter in the prior year, the business earned $4.63 EPS. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Research analysts expect that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on BLD shares. DA Davidson reaffirmed a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. UBS Group set a $440.00 target price on TopBuild in a research report on Wednesday, May 6th. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company reduced their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $466.77.

About TopBuild

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.