Gateway Investment Advisers LLC Has $6.15 Million Stake in TopBuild Corp. $BLD

Gateway Investment Advisers LLC increased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 152.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,735 shares of the construction company’s stock after acquiring an additional 9,497 shares during the quarter. Gateway Investment Advisers LLC owned about 0.06% of TopBuild worth $6,150,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in TopBuild by 14.8% during the second 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 during the period. Boston Partners raised its position in shares of TopBuild by 102.2% in the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after purchasing an additional 391,299 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of 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 buying an additional 390,838 shares during the last quarter. Liontrust Investment Partners LLP lifted its stake in shares of TopBuild by 24.8% during the 2nd quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock worth $121,854,000 after buying an additional 74,695 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TopBuild during the 2nd quarter worth about $110,238,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE BLD opened at $431.75 on Monday. The business has a fifty day moving average price of $430.05 and a two-hundred day moving average price of $408.82. The stock has a market capitalization of $12.12 billion, a PE ratio of 21.92, a P/E/G ratio of 7.12 and a beta of 1.68. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $461.49.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.TopBuild’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.68 EPS. As a group, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a report on Monday, December 15th. Weiss Ratings upgraded TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. The Goldman Sachs Group increased their target price on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Royal Bank Of Canada assumed coverage on TopBuild in a report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price target for the company. Finally, DA Davidson restated a “buy” rating and issued a $485.00 price target on shares of TopBuild in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $437.06.

Insider Transactions at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by insiders.

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.