Vision Retirement LLC Increases Stake in TopBuild Corp. $BLD

Vision Retirement LLC lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 252.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,115 shares of the construction company’s stock after buying an additional 1,515 shares during the period. Vision Retirement LLC’s holdings in TopBuild were worth $743,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. AIA Group Ltd grew its holdings in TopBuild by 1.3% during the 1st quarter. AIA Group Ltd now owns 1,961 shares of the construction company’s stock valued at $689,000 after purchasing an additional 25 shares in the last quarter. Kera Capital Partners Inc. raised its position in shares of TopBuild by 3.3% during the 1st quarter. Kera Capital Partners Inc. now owns 789 shares of the construction company’s stock valued at $277,000 after acquiring an additional 25 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of TopBuild by 7.9% during the first quarter. Bessemer Group Inc. now owns 328 shares of the construction company’s stock worth $115,000 after purchasing an additional 24 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in TopBuild by 33.5% in the first quarter. Illinois Municipal Retirement Fund now owns 7,113 shares of the construction company’s stock worth $2,499,000 after acquiring an additional 1,785 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of TopBuild by 14.3% in the 1st quarter. Sanctuary Advisors LLC now owns 2,617 shares of the construction company’s stock worth $919,000 after purchasing an additional 327 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $354.53 on Friday. The firm has a fifty day moving average of $394.83 and a two-hundred day moving average of $423.46. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 12-month low of $321.67 and a 12-month high of $559.47. The firm has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business posted $4.63 earnings per share. TopBuild’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts expect that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

Analysts Set New Price Targets

BLD has been the subject of a number of analyst reports. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. Wells Fargo & Company decreased their price target 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. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, TopBuild presently has a consensus rating of “Hold” and an average target price of $465.00.

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.