TopBuild Corp. $BLD Shares Purchased by Capital Research Global Investors

Capital Research Global Investors lifted its position in TopBuild Corp. (NYSE:BLD) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,594,131 shares of the construction company’s stock after purchasing an additional 97,247 shares during the quarter. Capital Research Global Investors owned approximately 0.13% of TopBuild worth $1,499,500,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BLD. Capital International Sarl acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $757,000. Capital International Inc. CA boosted its holdings in shares of TopBuild by 41.5% in the fourth quarter. Capital International Inc. CA now owns 1,725 shares of the construction company’s stock valued at $720,000 after acquiring an additional 506 shares during the period. Capital International Investors boosted its holdings in shares of TopBuild by 71.1% in the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after acquiring an additional 630,857 shares during the period. Cookson Peirce & Co. Inc. boosted its holdings in shares of TopBuild by 2.1% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 24,927 shares of the construction company’s stock valued at $10,399,000 after acquiring an additional 510 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after acquiring an additional 25 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Trading Down 0.9%

NYSE BLD opened at $402.45 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The firm has a market cap of $11.28 billion, a PE ratio of 22.61, a P/E/G ratio of 5.42 and a beta of 1.80. TopBuild Corp. has a one year low of $293.14 and a one year high of $559.47. The firm’s fifty day moving average is $407.27 and its two-hundred day moving average is $433.65.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating 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 company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted $4.63 earnings per share. TopBuild’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BLD shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. UBS Group set a $440.00 price objective on shares of TopBuild in a research note on Wednesday, May 6th. Benchmark dropped their price objective 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. Finally, DA Davidson restated a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TopBuild currently has a consensus rating of “Hold” and an average price target of $466.77.

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.