Fort Washington Investment Advisors Inc. OH Raises Stock Position in TopBuild Corp. $BLD

Fort Washington Investment Advisors Inc. OH increased its position in shares of TopBuild Corp. (NYSE:BLD) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,575 shares of the construction company’s stock after acquiring an additional 2,834 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.16% of TopBuild worth $19,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLD. AQR Capital Management LLC grew its holdings in TopBuild by 48.2% in the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after purchasing an additional 837 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of TopBuild by 23.0% during the 2nd quarter. Cetera Investment Advisers now owns 3,389 shares of the construction company’s stock valued at $1,097,000 after purchasing an additional 634 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of TopBuild by 65.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,802 shares of the construction company’s stock worth $39,432,000 after purchasing an additional 48,368 shares in the last quarter. MAI Capital Management grew its stake in TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in TopBuild by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 46,868 shares of the construction company’s stock worth $15,173,000 after buying an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD opened at $348.90 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The stock has a 50-day moving average of $451.66 and a two-hundred day moving average of $437.04. The stock has a market cap of $9.82 billion, a P/E ratio of 19.07, a P/E/G ratio of 4.37 and a beta of 1.72. TopBuild Corp. has a one year low of $266.26 and a one year high of $559.47.

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

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of research analyst reports. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Wells Fargo & Company dropped their price target on TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada upped their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Benchmark decreased their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, DA Davidson lowered their target price on shares of TopBuild from $485.00 to $465.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $437.93.

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.