Border to Coast Pensions Partnership Ltd Acquires Shares of 11,769 TopBuild Corp. $BLD

Key Points

• Border to Coast acquired a new stake of 11,769 shares in TopBuild (NYSE:BLD) in Q4, valued at about $4.92 million.
• Analysts have cut several price targets recently, but consensus remains a "Moderate Buy" with an average price target of $440.21.
• TopBuild posted an EPS beat ($4.50 vs. $4.39 est.) and revenue of $1.50 billion (vs. $1.49B est.), while the stock was down ~3% and trading around $388.43 (market cap ~$10.93B).

Border to Coast Pensions Partnership Ltd acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,769 shares of the construction company's stock, valued at approximately $4,919,000.

A number of other hedge funds have also recently added to or reduced their stakes in BLD. Advisory Services Network LLC acquired a new stake in TopBuild in the third quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new stake in TopBuild in the third quarter valued at approximately $34,000. SJS Investment Consulting Inc. grew its stake in TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company's stock valued at $41,000 after acquiring an additional 103 shares during the period. V Square Quantitative Management LLC acquired a new stake in TopBuild in the fourth quarter valued at approximately $43,000. Finally, Smithfield Trust Co grew its stake in TopBuild by 58.6% in the third quarter. Smithfield Trust Co now owns 111 shares of the construction company's stock valued at $44,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BLD shares. Wells Fargo & Company reduced 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. Benchmark reduced their price objective on TopBuild from $515.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Seaport Research Partners reaffirmed a "neutral" rating on shares of TopBuild in a research report on Tuesday, April 7th. Weiss Ratings cut TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Finally, DA Davidson cut their target price on TopBuild from $485.00 to $465.00 and set a "buy" rating on the stock in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, TopBuild has an average rating of "Moderate Buy" and an average price target of $440.21.

TopBuild Stock Down 3.0%

Shares of NYSE:BLD opened at $388.43 on Thursday. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 5.03 and a beta of 1.78. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. TopBuild Corp. has a 12-month low of $273.87 and a 12-month high of $559.47. The business's 50 day moving average is $422.58 and its 200 day moving average is $433.81.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.39 by $0.11. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.TopBuild's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.13 earnings per share. On average, sell-side analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.