Dixon Mitchell Investment Counsel Inc. Boosts Stake in TopBuild Corp. $BLD

Dixon Mitchell Investment Counsel Inc. boosted its holdings in TopBuild Corp. (NYSE:BLD) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,810 shares of the construction company’s stock after acquiring an additional 2,381 shares during the quarter. TopBuild comprises approximately 1.2% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its 27th biggest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in TopBuild were worth $32,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of TopBuild during the 3rd quarter worth $34,000. SJS Investment Consulting Inc. lifted its stake in shares of TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after purchasing an additional 103 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in TopBuild during the second quarter worth about $35,000. Smithfield Trust Co grew its position in TopBuild by 58.6% during the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after buying an additional 41 shares during the period. Finally, MAI Capital Management increased its holdings in TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BLD shares. Benchmark cut their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Wells Fargo & Company lowered their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Zacks Research downgraded shares of TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada lifted 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. Finally, Jefferies Financial Group increased their price target on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus target price of $439.26.

TopBuild Price Performance

Shares of NYSE:BLD opened at $387.01 on Tuesday. The company has a market cap of $10.89 billion, a P/E ratio of 21.15, a P/E/G ratio of 4.75 and a beta of 1.72. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $559.47. The business has a fifty day simple moving average of $478.05 and a 200-day simple moving average of $443.77.

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

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.