Pitcairn Co. Has $451,000 Position in TopBuild Corp. $BLD

Pitcairn Co. cut its holdings in TopBuild Corp. (NYSE:BLD) by 56.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,154 shares of the construction company’s stock after selling 1,520 shares during the quarter. Pitcairn Co.’s holdings in TopBuild were worth $451,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BLD. Root Financial Partners LLC acquired a new stake in TopBuild during the 3rd quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of TopBuild in the second quarter valued at approximately $35,000. MAI Capital Management increased its position in shares of TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. SJS Investment Consulting Inc. increased its position in shares of TopBuild by 3,433.3% during the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after acquiring an additional 103 shares in the last quarter. Finally, Smithfield Trust Co raised its holdings in shares of TopBuild by 58.6% during the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after acquiring an additional 41 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on BLD. Royal Bank Of Canada boosted their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Benchmark dropped their price target on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. DA Davidson restated a “buy” rating and issued a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Finally, Jefferies Financial Group increased their price objective on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $439.26.

TopBuild Stock Down 4.9%

NYSE:BLD opened at $388.11 on Monday. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $559.47. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 4.75 and a beta of 1.72. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average price is $478.86 and its two-hundred day moving average price is $443.97.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $5.13 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

About TopBuild

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.