First Sabrepoint Capital Management LP Acquires 13,800 Shares of TopBuild Corp. (NYSE:BLD)

First Sabrepoint Capital Management LP grew its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 123.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,000 shares of the construction company's stock after buying an additional 13,800 shares during the period. TopBuild accounts for about 2.1% of First Sabrepoint Capital Management LP's holdings, making the stock its 15th biggest holding. First Sabrepoint Capital Management LP owned 0.08% of TopBuild worth $7,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BLD. T. Rowe Price Investment Management Inc. boosted its position 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 valued at $188,098,000 after purchasing an additional 535,478 shares in the last quarter. Norges Bank bought a new stake in shares of TopBuild during the 4th quarter valued at about $108,688,000. E. Ohman J or Asset Management AB bought a new stake in shares of TopBuild during the 4th quarter valued at about $23,906,000. Invesco Ltd. boosted its position in shares of TopBuild by 14.6% during the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after purchasing an additional 75,713 shares in the last quarter. Finally, Jackson Square Partners LLC bought a new stake in shares of TopBuild during the 4th quarter valued at about $19,462,000. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Up 1.6%

Shares of BLD stock traded up $4.78 during trading hours on Friday, reaching $295.71. The company had a trading volume of 283,102 shares, compared to its average volume of 314,789. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business has a fifty day simple moving average of $296.74 and a 200-day simple moving average of $326.14. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company earned $4.81 earnings per share. The company's revenue for the quarter was down 3.6% on a year-over-year basis. On average, research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLD has been the topic of several research analyst reports. The Goldman Sachs Group cut their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. DA Davidson cut their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Loop Capital cut their price target on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, TopBuild currently has a consensus rating of "Moderate Buy" and an average price target of $380.22.

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.