OP Asset Management Ltd Makes New Investment in TopBuild Corp. $BLD

OP Asset Management Ltd bought a new position in TopBuild Corp. (NYSE:BLD) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,322 shares of the construction company’s stock, valued at approximately $1,167,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Research Global Investors boosted its position in TopBuild by 2.8% in the fourth quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock worth $1,499,500,000 after purchasing an additional 97,247 shares during the last quarter. Capital International Investors increased its position in shares of TopBuild by 71.1% during the 4th 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 during the last quarter. Capital World Investors raised its stake in shares of TopBuild by 0.9% during the 4th quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock worth $363,919,000 after purchasing an additional 7,735 shares during the period. Bank of America Corp DE boosted its holdings in shares of TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after buying an additional 109,572 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of TopBuild by 1.0% in the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after buying an additional 7,400 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group set a $440.00 price objective on shares of TopBuild in a report on Wednesday, May 6th. DA Davidson reissued a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Evercore set a $360.00 target price on shares of TopBuild in a research report on Monday. JPMorgan Chase & Co. restated a “neutral” rating and set a $496.00 price target (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, TopBuild presently has a consensus rating of “Hold” and a consensus price target of $460.00.

TopBuild Price Performance

NYSE BLD opened at $358.54 on Tuesday. 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 $10.05 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 5.77 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 firm’s 50-day simple moving average is $420.18 and its two-hundred day simple moving average is $430.92.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share 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 during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company earned $4.63 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. Research analysts predict that TopBuild Corp. will post 18.07 earnings per share for the current 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.