Canada Pension Plan Investment Board Buys New Shares in TopBuild Corp. (NYSE:BLD)

Canada Pension Plan Investment Board purchased a new position in TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,100 shares of the construction company's stock, valued at approximately $4,079,000.

A number of other institutional investors also recently made changes to their positions in BLD. Winch Advisory Services LLC acquired a new stake in shares of TopBuild during the 4th quarter valued at $26,000. Versant Capital Management Inc lifted its holdings in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild in the third quarter valued at $31,000. V Square Quantitative Management LLC lifted its holdings in shares of TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of TopBuild in the third quarter valued at $54,000. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of NYSE:BLD traded up $0.60 during midday trading on Monday, hitting $297.29. The company's stock had a trading volume of 148,939 shares, compared to its average volume of 315,009. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.82 and a beta of 1.78. The stock's 50 day simple moving average is $298.84 and its 200 day simple moving average is $332.47. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $4.69 earnings per share. As a group, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Ratings Changes

BLD has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Loop Capital cut their price objective on TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $398.56.

TopBuild Profile

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.