AIA Group Ltd Acquires Shares of 1,966 TopBuild Corp. $BLD

AIA Group Ltd purchased a new stake in shares of TopBuild Corp. (NYSE:BLD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,966 shares of the construction company’s stock, valued at approximately $768,000.

Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of TopBuild in the 3rd quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new position in TopBuild during the third quarter valued at approximately $34,000. SJS Investment Consulting Inc. grew its position in shares of TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after purchasing an additional 103 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of TopBuild in the second quarter worth about $35,000. Finally, Smithfield Trust Co lifted its position in shares of TopBuild by 58.6% during the 3rd quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after purchasing an additional 41 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research reports. Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Wells Fargo & Company dropped their price objective on TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Jefferies Financial Group lifted their price objective on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a report on Monday, December 15th. Zacks Research downgraded shares of TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Benchmark reduced their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $437.93.

TopBuild Stock Performance

Shares of TopBuild stock opened at $335.57 on Friday. The business has a 50-day moving average price of $465.36 and a two-hundred day moving average price of $439.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $559.47. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The company has a market cap of $9.45 billion, a P/E ratio of 18.34, a PEG ratio of 4.36 and a beta of 1.72.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share (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 company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the business earned $5.13 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. As a group, analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

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.