Regents Gate Capital LLP Makes New $4.66 Million Investment in TopBuild Corp. $BLD

Regents Gate Capital LLP bought a new stake in TopBuild Corp. (NYSE:BLD) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,253 shares of the construction company’s stock, valued at approximately $4,656,000. TopBuild comprises approximately 1.0% of Regents Gate Capital LLP’s holdings, making the stock its 29th largest holding.

Several other hedge funds have also made changes to their positions in the business. Greenleaf Trust increased its position in TopBuild by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after acquiring an additional 22 shares during the period. Root Financial Partners LLC lifted its position in TopBuild by 25.3% during the 4th quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock worth $45,000 after acquiring an additional 22 shares during the period. UMB Bank n.a. lifted its position in TopBuild by 6.1% during the 4th quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock worth $160,000 after acquiring an additional 22 shares during the period. Bessemer Group Inc. grew its stake in shares of TopBuild by 7.9% in the 1st quarter. Bessemer Group Inc. now owns 328 shares of the construction company’s stock valued at $115,000 after purchasing an additional 24 shares during the last quarter. Finally, Kera Capital Partners Inc. grew its stake in shares of TopBuild by 3.3% in the 1st quarter. Kera Capital Partners Inc. now owns 789 shares of the construction company’s stock valued at $277,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD stock opened at $354.53 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The stock has a 50 day simple moving average of $394.83 and a 200-day simple moving average of $423.46. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth 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.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on BLD shares. DA Davidson restated a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Evercore set a $360.00 price objective on shares of TopBuild in a research report on Monday, June 29th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, UBS Group set a $440.00 target price on shares of TopBuild in a report on Wednesday, May 6th. One equities research 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 currently has an average rating of “Hold” and a consensus target price of $465.00.

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.