Johnson Investment Counsel Inc. Invests $1.22 Million in TopBuild Corp. (NYSE:BLD)

Johnson Investment Counsel Inc. bought a new position in TopBuild Corp. (NYSE:BLD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,914 shares of the construction company’s stock, valued at approximately $1,219,000.

Several other institutional investors have also made changes to their positions in BLD. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TopBuild in the third quarter worth approximately $114,220,000. FMR LLC increased its position in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares in the last quarter. Jennison Associates LLC increased its position in shares of TopBuild by 2,833.6% in the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after acquiring an additional 110,143 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of TopBuild in the third quarter worth approximately $41,981,000. Finally, E. Ohman J or Asset Management AB purchased a new position in shares of TopBuild in the fourth quarter worth approximately $23,906,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Loop Capital decreased their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and an average price target of $411.78.

TopBuild Price Performance

NYSE BLD opened at $298.06 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $8.71 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The company has a 50 day moving average price of $324.71 and a two-hundred day moving average price of $355.77. TopBuild Corp. has a 12-month low of $288.31 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.69 earnings per share. As a group, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.