TopBuild Corp. $BLD Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,748 shares of the construction company’s stock after buying an additional 2,228 shares during the period. Principal Financial Group Inc.’s holdings in TopBuild were worth $23,449,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BLD. Capital Research Global Investors boosted its holdings in TopBuild by 2.8% in the fourth quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock valued at $1,499,500,000 after acquiring an additional 97,247 shares during the last quarter. Capital International Investors increased its stake in 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 acquiring an additional 630,857 shares during the last quarter. Capital World Investors raised its holdings in shares of TopBuild by 0.9% in the 4th quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after purchasing an additional 7,735 shares during the period. Bank of America Corp DE raised its holdings in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after purchasing an additional 109,572 shares during the period. Finally, Boston Partners lifted its stake in shares of TopBuild by 1.0% in the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after purchasing an additional 7,400 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. UBS Group set a $440.00 price objective on TopBuild in a research note on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Finally, Evercore set a $360.00 target price on TopBuild in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $465.00.

TopBuild Price Performance

BLD stock opened at $354.53 on Tuesday. The firm has a market cap of $9.94 billion, a PE ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80. TopBuild Corp. has a 12 month low of $321.67 and a 12 month high of $559.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $393.44 and a 200 day simple moving average of $422.93.

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