Y Intercept Hong Kong Ltd Acquires 18,041 Shares of TopBuild Corp. $BLD

Y Intercept Hong Kong Ltd increased its holdings in TopBuild Corp. (NYSE:BLD) by 604.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,028 shares of the construction company’s stock after purchasing an additional 18,041 shares during the period. Y Intercept Hong Kong Ltd owned 0.07% of TopBuild worth $7,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in TopBuild by 464.5% during the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock valued at $324,434,000 after buying an additional 639,915 shares in the last quarter. Capital International Investors lifted its holdings in shares of TopBuild by 71.1% in the fourth 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 in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after acquiring an additional 390,838 shares during the last quarter. Norges Bank bought a new position in shares of TopBuild during the fourth quarter worth $104,947,000. Finally, Artisan Partners Limited Partnership purchased a new position in TopBuild during the fourth quarter valued at $101,450,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

BLD stock opened at $354.53 on Friday. TopBuild Corp. has a 52 week low of $321.67 and a 52 week high of $559.47. The firm has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80. The company has a fifty day simple moving average of $412.06 and a two-hundred day simple moving average of $428.58. 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 (NYSE:BLD) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.63 EPS. Analysts anticipate that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report 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 report 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. One 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $460.00.

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.