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

Leeward Investments LLC MA acquired a new stake in TopBuild Corp. (NYSE:BLD) in the 1st quarter, HoldingsChannel reports. The fund acquired 25,402 shares of the construction company’s stock, valued at approximately $8,924,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. DA Davidson reiterated a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $496.00 price target (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their price objective on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Finally, UBS Group set a $440.00 price objective on TopBuild in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $466.77.

TopBuild Stock Down 1.3%

NYSE BLD opened at $407.90 on Wednesday. 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 Corp. has a 1-year low of $316.43 and a 1-year high of $559.47. The company has a 50 day moving average of $419.15 and a 200-day moving average of $431.67. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 5.58 and a beta of 1.80.

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

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.