Capital Research Global Investors Has $1.37 Billion Stock Position in TopBuild Corp. $BLD

Key Points

• Capital Research Global Investors increased its stake in TopBuild to 3,496,884 shares (about 12.46% of the company), a position valued at approximately $1.37 billion after a 1.8% increase in the third quarter.
• Overall institutional ownership is very high at 95.67%, with several funds (including Capital World Investors, Russell Investments, Schroder and Vestcor) recently raising or initiating positions, indicating strong institutional interest.
• TopBuild recently beat quarterly expectations with $4.50 EPS vs. $4.39 expected and revenue of $1.50 billion (+13.2% YoY); the stock carries a market cap of $10.89 billion and a MarketBeat consensus rating of "Moderate Buy" with a $439.26 price target.

Capital Research Global Investors grew its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,496,884 shares of the construction company's stock after acquiring an additional 62,690 shares during the period. Capital Research Global Investors owned about 12.46% of TopBuild worth $1,366,806,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BLD. Capital World Investors lifted its holdings in TopBuild by 1.8% during the 3rd quarter. Capital World Investors now owns 864,574 shares of the construction company's stock worth $337,927,000 after buying an additional 15,009 shares during the period. Vestcor Inc boosted its holdings in TopBuild by 63.6% in the third quarter. Vestcor Inc now owns 2,600 shares of the construction company's stock valued at $1,016,000 after acquiring an additional 1,011 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in TopBuild by 52.3% in the third quarter. Russell Investments Group Ltd. now owns 32,253 shares of the construction company's stock valued at $12,607,000 after acquiring an additional 11,081 shares during the last quarter. Schroder Investment Management Group raised its holdings in TopBuild by 37.1% during the 3rd quarter. Schroder Investment Management Group now owns 5,094 shares of the construction company's stock worth $1,991,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Inceptionr LLC acquired a new position in shares of TopBuild in the 3rd quarter worth approximately $791,000. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of BLD stock opened at $387.01 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The firm has a fifty day simple moving average of $478.05 and a two-hundred day simple moving average of $443.77. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $559.47. The firm has a market capitalization of $10.89 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 4.75 and a beta of 1.72.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLD. Royal Bank Of Canada boosted their target price on shares of TopBuild from $410.00 to $433.00 and gave the company a "sector perform" rating in a report on Friday, February 27th. Benchmark decreased their target price on TopBuild from $515.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Zacks Research cut TopBuild from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Finally, Jefferies Financial Group raised their price target on shares of TopBuild from $518.00 to $536.00 and gave the stock a "buy" rating in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $439.26.

TopBuild Company Profile

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.