Segall Bryant & Hamill LLC Takes $12.23 Million Position in TopBuild Corp. $BLD

Segall Bryant & Hamill LLC bought a new stake in TopBuild Corp. (NYSE:BLD) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 34,819 shares of the construction company’s stock, valued at approximately $12,232,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of TopBuild by 464.5% during the fourth quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock worth $324,434,000 after acquiring an additional 639,915 shares during the last quarter. Capital International Investors boosted its stake in TopBuild by 71.1% during the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock worth $633,346,000 after purchasing an additional 630,857 shares during the period. Orion Porfolio Solutions LLC grew its position in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares during the last quarter. Norges Bank acquired a new position in TopBuild in the fourth quarter valued at $104,947,000. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of TopBuild in the fourth quarter valued at about $101,450,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD 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. The company has a market cap of $9.94 billion, a P/E ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. TopBuild Corp. has a 52 week low of $321.67 and a 52 week high of $559.47. The company has a 50-day moving average price of $383.73 and a 200 day moving average price of $417.53.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Loop Capital cut 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. Evercore set a $360.00 target price on TopBuild in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Hold” and an average target price of $465.00.

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.