Spire Wealth Management Increases Stock Position in TopBuild Corp. $BLD

Spire Wealth Management grew its holdings in TopBuild Corp. (NYSE:BLD) by 3,846.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,023 shares of the construction company’s stock after buying an additional 9,769 shares during the quarter. Spire Wealth Management’s holdings in TopBuild were worth $4,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in shares of TopBuild during the 3rd quarter worth $27,000. Root Financial Partners LLC purchased a new stake in shares of TopBuild during the 3rd quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TopBuild in the 2nd quarter worth approximately $35,000. MAI Capital Management increased its stake in TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in 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 last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Up 0.1%

Shares of BLD stock opened at $348.90 on Monday. The stock has a fifty day moving average of $451.66 and a two-hundred day moving average of $437.29. The firm has a market capitalization of $9.82 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 4.38 and a beta of 1.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $559.47.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.11. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $5.13 EPS. As a group, research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BLD. Zacks Research downgraded TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Benchmark cut 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. Jefferies Financial Group increased their target price on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Finally, Wells Fargo & Company cut their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $437.93.

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.