Zurcher Kantonalbank Zurich Cantonalbank Has $6.58 Million Stock Holdings in TopBuild Corp. $BLD

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,766 shares of the construction company’s stock after acquiring an additional 2,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of TopBuild worth $6,577,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLD. Orion Porfolio Solutions LLC increased its holdings 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 in the last quarter. Westfield Capital Management Co. LP bought a new stake in TopBuild during the 3rd quarter worth approximately $87,955,000. Nordea Investment Management AB increased its holdings in TopBuild by 228.6% during the 3rd quarter. Nordea Investment Management AB now owns 278,803 shares of the construction company’s stock worth $107,873,000 after purchasing an additional 193,969 shares in the last quarter. Bank of America Corp DE increased its holdings in TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after purchasing an additional 109,572 shares in the last quarter. Finally, UBS Group AG increased its holdings in TopBuild by 51.9% during the 3rd quarter. UBS Group AG now owns 246,889 shares of the construction company’s stock worth $96,499,000 after purchasing an additional 84,307 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

Shares of NYSE BLD opened at $453.79 on Friday. TopBuild Corp. has a twelve month low of $273.87 and a twelve month high of $559.47. The stock’s 50 day moving average price is $411.15 and its 200-day moving average price is $436.11. The company has a market capitalization of $12.77 billion, a PE ratio of 24.80, a PEG ratio of 5.84 and a beta of 1.78. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned $5.13 earnings per share. TopBuild’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts anticipate that TopBuild Corp. will post 18.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BLD shares. 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. DA Davidson reissued a “buy” rating and set a $465.00 price objective on shares of TopBuild in a report on Monday, April 20th. Zacks Research lowered TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Finally, Wells Fargo & Company decreased their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $447.21.

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.