Westfield Capital Management Co. LP Takes $87.96 Million Position in TopBuild Corp. $BLD

Westfield Capital Management Co. LP bought a new position in TopBuild Corp. (NYSE:BLD) during the 3rd quarter, Holdings Channel reports. The fund bought 225,029 shares of the construction company’s stock, valued at approximately $87,955,000.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE raised its position in TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after purchasing an additional 109,572 shares during the last quarter. Boston Partners grew its position in shares of TopBuild by 102.2% in the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after buying an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after buying an additional 390,838 shares during the period. Liontrust Investment Partners LLP raised its holdings in shares of TopBuild by 24.8% during the second quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock valued at $121,854,000 after acquiring an additional 74,695 shares in the last quarter. Finally, Norges Bank purchased a new stake in TopBuild in the second quarter worth $110,238,000. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Down 4.8%

Shares of TopBuild stock opened at $486.48 on Thursday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $559.47. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 8.26 and a beta of 1.70. The company has a 50-day moving average of $478.82 and a 200 day moving average of $443.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.36 by $0.14. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Benchmark lifted their target price on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Jefferies Financial Group boosted 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. Royal Bank Of Canada began coverage on shares of TopBuild in a report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price objective for the company. Finally, Evercore cut their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $443.73.

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.