Montag A & Associates Inc. Boosts Stock Position in TopBuild Corp. $BLD

Montag A & Associates Inc. raised its holdings in TopBuild Corp. (NYSE:BLD) by 262.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,841 shares of the construction company’s stock after purchasing an additional 3,506 shares during the period. Montag A & Associates Inc.’s holdings in TopBuild were worth $1,701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of TopBuild by 464.5% in the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock worth $324,434,000 after purchasing an additional 639,915 shares during the last quarter. Capital International Investors lifted its position in shares of TopBuild by 71.1% during the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after purchasing an additional 630,857 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares in the last quarter. Norges Bank bought a new stake in TopBuild in the fourth quarter valued at about $104,947,000. Finally, Artisan Partners Limited Partnership acquired a new stake in TopBuild during the fourth quarter valued at approximately $101,450,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

Shares of NYSE BLD opened at $354.53 on Thursday. TopBuild Corp. has a 12-month low of $321.67 and a 12-month high of $559.47. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The stock’s 50 day simple moving average is $406.01 and its 200 day simple moving average is $427.07.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.63 EPS. Equities research analysts expect that TopBuild Corp. will post 18.07 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on BLD. Wells Fargo & Company decreased their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. UBS Group set a $440.00 price objective on TopBuild in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Finally, DA Davidson reissued a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, TopBuild has an average rating of “Hold” and an average target price of $465.00.

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.