TopBuild Corp. (NYSE:BLD) Shares Acquired by Polen Capital Management LLC

Polen Capital Management LLC increased its holdings in TopBuild Corp. (NYSE:BLD) by 28.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,220 shares of the construction company’s stock after acquiring an additional 1,145 shares during the quarter. Polen Capital Management LLC’s holdings in TopBuild were worth $1,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in shares of TopBuild in the third quarter valued at about $375,000. Victory Capital Management Inc. increased its position in TopBuild by 29.9% in the 3rd quarter. Victory Capital Management Inc. now owns 43,608 shares of the construction company’s stock valued at $17,740,000 after acquiring an additional 10,050 shares during the period. Oppenheimer & Co. Inc. raised its stake in TopBuild by 36.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 772 shares of the construction company’s stock valued at $314,000 after acquiring an additional 206 shares during the last quarter. KBC Group NV lifted its position in TopBuild by 13.3% during the 3rd quarter. KBC Group NV now owns 2,167 shares of the construction company’s stock worth $882,000 after acquiring an additional 254 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of TopBuild by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock valued at $374,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BLD shares. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Benchmark lowered their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group cut their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average price target of $403.88.

TopBuild Stock Performance

NYSE BLD opened at $299.45 on Monday. The business has a 50 day moving average price of $323.89 and a 200 day moving average price of $353.75. The company has a market capitalization of $8.75 billion, a P/E ratio of 15.11, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 1-year low of $288.31 and a 1-year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $4.69 earnings per share. Sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.