TopBuild Corp. $BLD Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,748 shares of the construction company’s stock after buying an additional 2,228 shares during the quarter. Principal Financial Group Inc. owned approximately 0.24% of TopBuild worth $23,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in TopBuild by 2.8% in the 4th quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock worth $1,499,500,000 after acquiring an additional 97,247 shares in the last quarter. Capital International Investors grew its position in shares of TopBuild by 71.1% in the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after purchasing an additional 630,857 shares during the period. Capital World Investors increased its stake in shares of TopBuild by 0.9% during the fourth quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after purchasing an additional 7,735 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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. Finally, Boston Partners raised its position in shares of TopBuild by 1.0% during the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after purchasing an additional 7,400 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $354.53 on Tuesday. The company’s fifty day moving average price is $393.44 and its 200 day moving average price is $422.93. TopBuild Corp. has a 12 month low of $321.67 and a 12 month high of $559.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The firm has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. The company 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%.TopBuild’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.63 earnings per share. As a group, sell-side analysts predict that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research analyst reports. 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 report on Tuesday, April 21st. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Wells Fargo & Company decreased their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Evercore set a $360.00 target price on shares of TopBuild in a research note on Monday, June 29th. Finally, UBS Group set a $440.00 price target on shares of TopBuild in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $465.00.

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.