TopBuild Corp. $BLD Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its holdings in TopBuild Corp. (NYSE:BLD) by 21.0% during the fourth quarter, Holdings Channel reports. The firm owned 466,677 shares of the construction company’s stock after purchasing an additional 80,864 shares during the period. Royal London Asset Management Ltd.’s holdings in TopBuild were worth $194,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in TopBuild by 48.2% during the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of TopBuild by 106.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock valued at $77,000 after buying an additional 123 shares in the last quarter. First Trust Advisors LP lifted its position in shares of TopBuild by 8.1% during the 2nd quarter. First Trust Advisors LP now owns 67,835 shares of the construction company’s stock valued at $21,961,000 after acquiring an additional 5,093 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of TopBuild during the 2nd quarter valued at $489,000. Finally, Federated Hermes Inc. boosted its stake in shares of TopBuild by 10.7% during the 2nd quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company’s stock worth $2,188,000 after acquiring an additional 654 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Trading Up 0.3%

NYSE BLD opened at $411.27 on Friday. The company has a market capitalization of $11.52 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 5.53 and a beta of 1.80. TopBuild Corp. has a 1-year low of $293.14 and a 1-year 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 firm’s fifty day simple moving average is $412.67 and its 200-day simple moving average is $433.36.

TopBuild (NYSE:BLD) last issued 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 firm had revenue of $1.45 billion for 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 business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.63 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLD has been the topic of a number of recent analyst reports. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. DA Davidson reissued a “neutral” rating and issued a $437.00 price target (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Benchmark reduced their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, UBS Group set a $440.00 target price on shares of TopBuild in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TopBuild presently has a consensus rating of “Hold” and an average target price of $466.77.

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.