Leeward Investments LLC MA Invests $8.92 Million in TopBuild Corp. $BLD

Leeward Investments LLC MA acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 25,402 shares of the construction company’s stock, valued at approximately $8,924,000. Leeward Investments LLC MA owned approximately 0.09% of TopBuild at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BLD. Core Wealth Advisors LLC bought a new stake in TopBuild during the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new position in shares of TopBuild in the third quarter valued at approximately $27,000. Parallel Advisors LLC boosted its holdings in shares of TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after buying an additional 25 shares during the period. Global Retirement Partners LLC increased its position in shares of TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after acquiring an additional 59 shares in the last quarter. Finally, First Horizon Corp increased its position in shares of TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of research analyst reports. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective on the stock. in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Benchmark decreased their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Finally, Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $466.77.

TopBuild Stock Down 1.3%

TopBuild stock opened at $407.90 on Wednesday. The company has a market cap of $11.43 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 5.58 and a beta of 1.80. TopBuild Corp. has a 1-year low of $316.43 and a 1-year high of $559.47. The company has a fifty day simple moving average of $419.15 and a 200 day simple moving average of $431.67. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $4.63 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

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.