62,512 Shares in TopBuild Corp. (NYSE:BLD) Purchased by Jackson Square Partners LLC

Jackson Square Partners LLC acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 62,512 shares of the construction company’s stock, valued at approximately $19,462,000. TopBuild accounts for about 2.1% of Jackson Square Partners LLC’s portfolio, making the stock its 26th largest holding.

Several other institutional investors have also added to or reduced their stakes in BLD. EntryPoint Capital LLC bought a new stake in shares of TopBuild during the 4th quarter valued at $280,000. Taikang Asset Management Hong Kong Co Ltd lifted its stake in shares of TopBuild by 44.3% during the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 15,870 shares of the construction company’s stock worth $4,941,000 after acquiring an additional 4,870 shares during the last quarter. Advantage Alpha Capital Partners LP grew its stake in TopBuild by 11.0% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 15,315 shares of the construction company’s stock worth $4,768,000 after purchasing an additional 1,522 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of TopBuild in the 4th quarter worth approximately $1,899,000. Finally, AXQ Capital LP boosted its stake in TopBuild by 70.7% in the fourth quarter. AXQ Capital LP now owns 2,554 shares of the construction company’s stock valued at $795,000 after acquiring an additional 1,058 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Truist Financial cut their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $403.88.

TopBuild Trading Up 5.8 %

BLD stock opened at $315.74 on Tuesday. The company has a market capitalization of $9.23 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 52 week low of $288.31 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company’s 50-day simple moving average is $322.43 and its 200 day simple moving average is $350.56.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company earned $4.69 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

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.