TopBuild Corp. $BLD Stake Raised by Montag A & Associates Inc.

Montag A & Associates Inc. lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 262.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,841 shares of the construction company’s stock after acquiring an additional 3,506 shares during the period. Montag A & Associates Inc.’s holdings in TopBuild were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Advisors Network LLC raised its stake in TopBuild by 129.9% during the 1st quarter. Integrated Advisors Network LLC now owns 2,437 shares of the construction company’s stock valued at $856,000 after acquiring an additional 1,377 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of TopBuild by 3.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 22,064 shares of the construction company’s stock worth $7,958,000 after purchasing an additional 678 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of TopBuild by 9.7% during the first quarter. Whittier Trust Co. now owns 45,316 shares of the construction company’s stock valued at $16,344,000 after purchasing an additional 4,009 shares during the period. Seascape Capital Management increased its holdings in shares of TopBuild by 1.4% during the first quarter. Seascape Capital Management now owns 10,107 shares of the construction company’s stock valued at $3,551,000 after purchasing an additional 137 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of TopBuild by 14.9% during the first quarter. QRG Capital Management Inc. now owns 1,829 shares of the construction company’s stock valued at $643,000 after purchasing an additional 237 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

NYSE:BLD opened at $354.53 on Thursday. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $406.01 and its 200 day moving average price is $427.07. TopBuild Corp. has a 52-week low of $321.67 and a 52-week high of $559.47. The firm has a market cap of $9.94 billion, a P/E ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share 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 net margin of 8.95% and a return on equity of 23.53%. TopBuild’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.63 EPS. 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

A number of equities analysts recently issued reports on the stock. Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. UBS Group set a $440.00 price target on shares of TopBuild in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a report on Wednesday, May 6th. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $465.00.

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.