SummitTX Capital L.P. Has $27.29 Million Holdings in TopBuild Corp. $BLD

SummitTX Capital L.P. lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 55.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,684 shares of the construction company’s stock after acquiring an additional 27,700 shares during the period. TopBuild comprises approximately 0.9% of SummitTX Capital L.P.’s holdings, making the stock its 10th largest holding. SummitTX Capital L.P. owned about 0.28% of TopBuild worth $27,290,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. 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 worth $1,499,500,000 after purchasing an additional 97,247 shares during the period. Capital International Investors lifted its position in shares of TopBuild by 71.1% in the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after buying an additional 630,857 shares during the last quarter. Capital World Investors lifted its position 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 buying an additional 7,735 shares during the last quarter. Bank of America Corp DE boosted 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 valued at $274,349,000 after buying an additional 109,572 shares during the period. Finally, Boston Partners boosted its holdings 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 buying an additional 7,400 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BLD shares. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. 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 note on Wednesday, April 8th. DA Davidson reaffirmed 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. Finally, UBS Group set a $440.00 price target on TopBuild in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $465.00.

TopBuild Price Performance

BLD stock opened at $354.53 on Monday. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a fifty-two week low of $321.67 and a fifty-two week high of $559.47. The firm’s 50-day simple moving average is $389.00 and its 200 day simple moving average is $420.87. The stock has a market cap of $9.94 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80.

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 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 the consensus estimate of $1.41 billion. During the same period last year, the firm posted $4.63 EPS. TopBuild’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts predict that TopBuild Corp. will post 18.07 EPS for the current year.

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.