Capital World Investors Has $337.93 Million Position in TopBuild Corp. $BLD

Key Points

• Capital World Investors increased its position in TopBuild (NYSE:BLD) by 1.8% in Q3 to 864,574 shares — about 3.08% of the company, valued at approximately $337.93 million.
• TopBuild beat quarterly expectations with $4.50 EPS vs. $4.39 expected and $1.50 billion in revenue (up 13.2% year-over-year), although EPS declined from $5.13 in the prior-year quarter.
• Analysts maintain a consensus rating of "Moderate Buy" with a $439.26 average price target, while institutional ownership is very high at 95.67% and individual price targets/rating opinions vary across firms.

Capital World Investors raised its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 864,574 shares of the construction company's stock after acquiring an additional 15,009 shares during the quarter. Capital World Investors owned about 3.08% of TopBuild worth $337,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in shares of TopBuild in the 3rd quarter valued at $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TopBuild during the second quarter worth $35,000. MAI Capital Management grew its stake in shares of TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company's stock worth $38,000 after purchasing an additional 26 shares during the period. SJS Investment Consulting Inc. increased its holdings 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 purchasing an additional 103 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings 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 purchasing an additional 41 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their target price on TopBuild from $410.00 to $433.00 and gave the stock a "sector perform" rating in a report on Friday, February 27th. Weiss Ratings cut TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 27th. DA Davidson reissued a "buy" rating and set a $485.00 price objective on shares of TopBuild in a research note on Wednesday, December 10th. Benchmark decreased their price objective on shares of TopBuild from $515.00 to $500.00 and set a "buy" rating for the company in a report on Friday, February 27th. Finally, Wells Fargo & Company lowered their target price on shares of TopBuild from $600.00 to $525.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, TopBuild currently has an average rating of "Moderate Buy" and a consensus price target of $439.26.

TopBuild Price Performance

Shares of BLD opened at $379.71 on Thursday. The stock has a 50 day simple moving average of $476.45 and a 200 day simple moving average of $442.97. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $559.47. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The firm has a market capitalization of $10.68 billion, a PE ratio of 20.75, a P/E/G ratio of 4.72 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating analysts' consensus estimates of $4.39 by $0.11. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $5.13 earnings per share. Sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild 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.

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