Westfield Capital Management Co. LP Increases Position in TopBuild Corp. $BLD

Westfield Capital Management Co. LP boosted its stake in shares of TopBuild Corp. (NYSE:BLD) by 13.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 255,451 shares of the construction company’s stock after acquiring an additional 30,422 shares during the period. Westfield Capital Management Co. LP owned 0.91% of TopBuild worth $106,572,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Greenleaf Trust grew its stake in TopBuild by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after acquiring an additional 22 shares in the last quarter. Root Financial Partners LLC grew its stake in TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock valued at $45,000 after acquiring an additional 22 shares in the last quarter. Xponance Inc. grew its stake in TopBuild by 0.8% during the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after acquiring an additional 27 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in TopBuild by 3.3% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 844 shares of the construction company’s stock valued at $330,000 after acquiring an additional 27 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in TopBuild by 4.0% during the fourth quarter. GAMMA Investing LLC now owns 734 shares of the construction company’s stock valued at $306,000 after acquiring an additional 28 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on BLD shares. UBS Group set a $440.00 target price on shares of TopBuild in a research note on Wednesday, May 6th. DA Davidson reaffirmed a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price for the company. in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed 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, Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $466.77.

TopBuild Price Performance

BLD stock opened at $405.96 on Friday. TopBuild Corp. has a 52 week low of $287.50 and a 52 week high of $559.47. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $406.50 and a two-hundred day simple moving average of $433.87. The firm has a market capitalization of $11.38 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 5.51 and a beta of 1.80.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS 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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $4.63 earnings per share. TopBuild’s quarterly revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that TopBuild Corp. will post 18.16 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.