Trust Point Inc. Raises Stock Holdings in TopBuild Corp. (NYSE:BLD)

Trust Point Inc. grew its stake in TopBuild Corp. (NYSE:BLD) by 82.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,155 shares of the construction company’s stock after acquiring an additional 522 shares during the quarter. Trust Point Inc.’s holdings in TopBuild were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BLD. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TopBuild in the third quarter valued at $114,220,000. FMR LLC lifted its position in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after buying an additional 161,743 shares during the period. Jennison Associates LLC lifted its position in TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after buying an additional 110,143 shares during the period. Natixis Advisors LLC purchased a new position in TopBuild during the third quarter worth about $41,981,000. Finally, Massachusetts Financial Services Co. MA lifted its position in TopBuild by 37.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after buying an additional 48,562 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of NYSE BLD opened at $338.18 on Thursday. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68. The business has a 50 day moving average price of $340.20 and a two-hundred day moving average price of $372.80. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market cap of $9.98 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 2.05 and a beta of 1.85.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $5.43 EPS. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BLD. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group lowered their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $437.00.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.