Russell Investments Group Ltd. Has $12.07 Million Holdings in TopBuild Corp. (NYSE:BLD)

Russell Investments Group Ltd. increased its stake in shares of TopBuild Corp. (NYSE:BLD) by 1.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,241 shares of the construction company’s stock after acquiring an additional 504 shares during the period. Russell Investments Group Ltd.’s holdings in TopBuild were worth $12,067,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BLD. William Blair Investment Management LLC bought a new position in shares of TopBuild during the third quarter valued at $95,147,000. FMR LLC lifted its holdings in TopBuild by 13.8% during the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock valued at $276,941,000 after purchasing an additional 133,835 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in TopBuild by 83.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company’s stock valued at $69,190,000 after buying an additional 125,000 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in TopBuild by 112.2% in the third quarter. Qube Research & Technologies Ltd now owns 157,535 shares of the construction company’s stock valued at $39,636,000 after buying an additional 83,286 shares in the last quarter. Finally, Invesco Ltd. grew its stake in TopBuild by 3.9% during the third quarter. Invesco Ltd. now owns 880,779 shares of the construction company’s stock worth $221,604,000 after buying an additional 32,771 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

TopBuild stock opened at $402.52 on Friday. TopBuild Corp. has a 1 year low of $199.31 and a 1 year high of $452.87. The company’s 50-day moving average is $414.25 and its two-hundred day moving average is $360.22. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The company has a market cap of $12.81 billion, a PE ratio of 20.82, a PEG ratio of 2.98 and a beta of 1.67.

TopBuild (NYSE:BLD) last released its earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.40 EPS. Equities analysts anticipate that TopBuild Corp. will post 21.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BLD shares. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. DA Davidson started coverage on TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price on the stock. Evercore ISI raised their target price on TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Bank of America upped their price target on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Benchmark raised their price objective on shares of TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus target price of $418.90.

TopBuild Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.