Victory Capital Management Inc. Acquires 639,915 Shares of TopBuild Corp. $BLD

Victory Capital Management Inc. boosted its holdings in TopBuild Corp. (NYSE:BLDFree Report) by 464.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 777,666 shares of the construction company’s stock after purchasing an additional 639,915 shares during the period. Victory Capital Management Inc. owned about 2.77% of TopBuild worth $324,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BLD. Capital International Investors grew its position in TopBuild by 71.1% in the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after purchasing an additional 630,857 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after purchasing an additional 390,838 shares in the last quarter. Norges Bank bought a new position in TopBuild in the fourth quarter valued at $104,947,000. Westfield Capital Management Co. LP bought a new position in TopBuild in the third quarter valued at $87,955,000. Finally, Bank of America Corp DE grew its position in TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after purchasing an additional 109,572 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE BLD opened at $411.27 on Friday. The firm has a 50-day moving average of $412.67 and a 200-day moving average of $433.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The stock has a market cap of $11.52 billion, a PE ratio of 23.11, a P/E/G ratio of 5.53 and a beta of 1.80. TopBuild Corp. has a 52-week low of $293.14 and a 52-week high of $559.47.

TopBuild (NYSE:BLDGet Free Report) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. TopBuild’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $4.63 EPS. On average, sell-side analysts anticipate that TopBuild Corp. will post 18.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BLD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research report on Tuesday. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Loop Capital downgraded shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a research report on Wednesday, May 6th. DA Davidson reissued a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Hold” and an average target price of $466.77.

Read Our Latest Stock Analysis on BLD

TopBuild Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.