TopBuild Corp. $BLD Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 21.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 466,677 shares of the construction company’s stock after acquiring an additional 80,864 shares during the quarter. Royal London Asset Management Ltd. owned about 1.66% of TopBuild worth $194,693,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its position in TopBuild by 48.2% during the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after purchasing an additional 837 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of TopBuild by 106.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock worth $77,000 after buying an additional 123 shares during the last quarter. First Trust Advisors LP raised its position in shares of TopBuild by 8.1% in the 2nd quarter. First Trust Advisors LP now owns 67,835 shares of the construction company’s stock worth $21,961,000 after buying an additional 5,093 shares during the period. Marshall Wace LLP acquired a new position in TopBuild in the second quarter valued at $489,000. Finally, Federated Hermes Inc. grew its position in TopBuild by 10.7% during the second quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company’s stock valued at $2,188,000 after acquiring an additional 654 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on BLD. Wells Fargo & Company decreased their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. DA Davidson restated a “neutral” rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their target price on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, 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. One investment 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $466.77.

TopBuild Stock Performance

Shares of BLD stock opened at $411.27 on Friday. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 5.53 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. TopBuild Corp. has a 12-month low of $293.14 and a 12-month high of $559.47. The business has a 50 day simple moving average of $412.67 and a 200 day simple moving average of $433.36.

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