TopBuild Corp. $BLD Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP increased its stake in TopBuild Corp. (NYSE:BLD) by 160.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,747 shares of the construction company’s stock after purchasing an additional 3,544 shares during the quarter. Mirabella Financial Services LLP’s holdings in TopBuild were worth $2,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital Research Global Investors boosted its holdings in TopBuild by 1.8% during the third quarter. Capital Research Global Investors now owns 3,496,884 shares of the construction company’s stock worth $1,366,806,000 after buying an additional 62,690 shares in the last quarter. Capital World Investors increased its holdings in TopBuild by 1.8% in the third quarter. Capital World Investors now owns 864,574 shares of the construction company’s stock valued at $337,927,000 after buying an additional 15,009 shares in the last quarter. Bank of America Corp DE increased its holdings in TopBuild by 14.8% in the second quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock valued at $274,349,000 after buying an additional 109,572 shares in the last quarter. Boston Partners lifted its position in shares of TopBuild by 1.0% during the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock valued at $305,662,000 after acquiring an additional 7,400 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of TopBuild by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 496,055 shares of the construction company’s stock valued at $193,891,000 after acquiring an additional 2,951 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BLD. Royal Bank Of Canada upped their price target on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Benchmark decreased their target price on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. DA Davidson restated a “buy” rating and issued a $485.00 price target on shares of TopBuild in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company cut their price target on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $439.26.

TopBuild Trading Up 1.1%

Shares of TopBuild stock opened at $371.17 on Tuesday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $559.47. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. The business has a 50 day moving average price of $472.68 and a 200 day moving average price of $441.85. The company has a market capitalization of $10.44 billion, a P/E ratio of 20.28, a P/E/G ratio of 4.52 and a beta of 1.72.

TopBuild (NYSE:BLD) last announced its earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm earned $5.13 EPS. TopBuild’s quarterly revenue was up 13.2% on a year-over-year basis. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

About TopBuild

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.