Fiera Capital Corp Has $69.83 Million Stock Holdings in TopBuild Corp. $BLD

Fiera Capital Corp grew its position in TopBuild Corp. (NYSE:BLD) by 32.8% during the 4th quarter, HoldingsChannel reports. The firm owned 167,378 shares of the construction company’s stock after purchasing an additional 41,301 shares during the quarter. Fiera Capital Corp’s holdings in TopBuild were worth $69,828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of TopBuild during the fourth quarter worth $26,000. Advisory Services Network LLC acquired a new stake in shares of TopBuild during the third quarter worth $27,000. Parallel Advisors LLC raised its holdings in shares of TopBuild by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after acquiring an additional 25 shares during the period. Global Retirement Partners LLC raised its holdings in shares of TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after acquiring an additional 59 shares during the period. Finally, First Horizon Corp raised its holdings in shares of TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Up 0.2%

Shares of BLD stock opened at $402.45 on Monday. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 1 year low of $293.14 and a 1 year high of $559.47. The firm’s fifty day moving average price is $407.27 and its two-hundred day moving average price is $433.86. The firm has a market capitalization of $11.28 billion, a P/E ratio of 22.61, a PEG ratio of 5.42 and a beta of 1.80.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business earned $4.63 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, equities analysts predict that TopBuild Corp. will post 18.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Finally, Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $466.77.

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.