34,819 Shares in TopBuild Corp. $BLD Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in TopBuild Corp. (NYSE:BLD) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 34,819 shares of the construction company’s stock, valued at approximately $12,232,000. Segall Bryant & Hamill LLC owned approximately 0.12% of TopBuild at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Argent Capital Management LLC boosted its position in TopBuild by 13.2% in the 1st quarter. Argent Capital Management LLC now owns 13,073 shares of the construction company’s stock valued at $4,593,000 after buying an additional 1,521 shares during the period. Strategic Investment Advisors MI purchased a new stake in shares of TopBuild during the first quarter worth $105,000. Amundi increased its position in shares of TopBuild by 19.5% during the first quarter. Amundi now owns 13,553 shares of the construction company’s stock worth $4,761,000 after acquiring an additional 2,216 shares during the period. California State Teachers Retirement System raised its stake in shares of TopBuild by 23.7% in the first quarter. California State Teachers Retirement System now owns 32,975 shares of the construction company’s stock valued at $11,584,000 after acquiring an additional 6,312 shares in the last quarter. Finally, SummitTX Capital L.P. raised its stake in shares of TopBuild by 55.4% in the first quarter. SummitTX Capital L.P. now owns 77,684 shares of the construction company’s stock valued at $27,290,000 after acquiring an additional 27,700 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

NYSE:BLD opened at $354.53 on Monday. TopBuild Corp. has a 1 year low of $321.67 and a 1 year high of $559.47. The stock has a market cap of $9.94 billion, a P/E ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80. 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 stock has a 50-day simple moving average of $383.73 and a 200-day simple moving average of $417.53.

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

Wall Street Analyst Weigh In

BLD has been the subject of several analyst reports. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. Wells Fargo & Company decreased their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Evercore set a $360.00 price objective on TopBuild in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $465.00.

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.