Capital International Investors Has $346.79 Million Stock Position in TopBuild Corp. $BLD

Capital International Investors cut its holdings in shares of TopBuild Corp. (NYSE:BLD) by 22.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 887,236 shares of the construction company’s stock after selling 261,729 shares during the period. Capital International Investors’ holdings in TopBuild were worth $346,788,000 at the end of the most recent quarter.

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

TopBuild Stock Performance

Shares of TopBuild stock opened at $384.22 on Wednesday. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 4.74 and a beta of 1.72. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $559.47. The company’s fifty day moving average is $477.22 and its 200 day moving average is $443.41. 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 (NYSE:BLD) last announced its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.39 by $0.11. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.TopBuild’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $5.13 EPS. Sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on BLD. Royal Bank Of Canada boosted their target price on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Benchmark reduced their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. DA Davidson reaffirmed a “buy” rating and set a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. Zacks Research cut shares of TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $439.26.

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.