Fiera Capital Corp Has $39.76 Million Holdings in TopBuild Corp. (NYSE:BLD)

Key Points

• Fiera Capital Corp reduced its stake in TopBuild Corp by 0.7% during the first quarter, now owning 130,382 shares valued at approximately $39,760,000.
• Several analysts have issued reports suggesting a "buy" rating for TopBuild, with target prices ranging from $320.00 to $400.00, reflecting investor confidence despite recent fluctuations in earnings.
• TopBuild reported $4.63 earnings per share for the latest quarter, exceeding estimates but showing a 3.6% decline in revenue year-over-year.

Fiera Capital Corp reduced its position in TopBuild Corp. (NYSE:BLD - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,382 shares of the construction company's stock after selling 875 shares during the period. Fiera Capital Corp owned about 0.45% of TopBuild worth $39,760,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BLD. T. Rowe Price Investment Management Inc. boosted its stake in shares of TopBuild by 779.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after acquiring an additional 535,478 shares in the last quarter. Norges Bank bought a new stake in shares of TopBuild during the 4th quarter worth about $108,688,000. Westwood Holdings Group Inc. bought a new stake in shares of TopBuild during the 4th quarter worth about $80,844,000. Interval Partners LP bought a new stake in shares of TopBuild during the 4th quarter worth about $53,424,000. Finally, GAMMA Investing LLC boosted its stake in shares of TopBuild by 167,622.2% during the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after acquiring an additional 150,860 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the transaction, the insider directly owned 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.43% of the company's stock.

TopBuild Stock Performance

TopBuild stock traded up $8.46 during trading hours on Friday, hitting $378.89. The stock had a trading volume of 309,355 shares, compared to its average volume of 361,581. The company has a 50-day moving average of $330.99 and a two-hundred day moving average of $316.73. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The company has a market cap of $10.83 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 4.83 and a beta of 1.64. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $436.99.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.81 EPS. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BLD. Loop Capital increased their target price on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Bank of America increased their target price on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. DA Davidson decreased their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Stephens decreased their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their target price on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $387.27.

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.