TopBuild Corp. $BLD Stock Holdings Increased by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in TopBuild Corp. (NYSE:BLD) by 3,431.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,512 shares of the construction company’s stock after purchasing an additional 11,186 shares during the quarter. Fifth Third Bancorp’s holdings in TopBuild were worth $4,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Greenleaf Trust increased its position in shares of TopBuild by 1.8% during the 4th quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after purchasing an additional 22 shares during the period. Root Financial Partners LLC boosted its position in shares of TopBuild by 25.3% in the 4th quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock valued at $45,000 after purchasing an additional 22 shares during the period. UMB Bank n.a. grew its position in TopBuild by 6.1% during the fourth quarter. UMB Bank n.a. now owns 384 shares of the construction company’s stock valued at $160,000 after purchasing an additional 22 shares in the last quarter. Parallel Advisors LLC grew its holdings in TopBuild by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after purchasing an additional 25 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in TopBuild by 3.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 878 shares of the construction company’s stock valued at $308,000 after purchasing an additional 27 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

Shares of TopBuild stock opened at $354.53 on Friday. TopBuild Corp. has a 12 month low of $321.67 and a 12 month high of $559.47. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $9.94 billion, a PE ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The stock’s fifty day simple moving average is $394.83 and its 200 day simple moving average is $423.46.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the company earned $4.63 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, research analysts predict that TopBuild Corp. will post 18.07 EPS for the current year.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. UBS Group set a $440.00 price objective on shares of TopBuild in a report on Wednesday, May 6th. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $465.00.

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.