Channing Capital Management LLC Boosts Stake in TopBuild Corp. (NYSE:BLD)

Channing Capital Management LLC raised its holdings in TopBuild Corp. (NYSE:BLD) by 501.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,430 shares of the construction company’s stock after acquiring an additional 21,202 shares during the period. Channing Capital Management LLC owned approximately 0.08% of TopBuild worth $9,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BLD. Cornercap Investment Counsel Inc. bought a new position in shares of TopBuild in the fourth quarter worth approximately $221,000. Federated Hermes Inc. increased its holdings in shares of TopBuild by 103.9% in the 3rd quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock worth $2,223,000 after buying an additional 4,503 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of TopBuild by 74.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company’s stock valued at $2,349,000 after buying an additional 2,677 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of TopBuild during the 4th quarter worth $222,000. Finally, Louisiana State Employees Retirement System purchased a new position in TopBuild in the fourth quarter worth $3,331,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 1.6 %

Shares of BLD stock traded down $6.36 during mid-day trading on Friday, reaching $402.52. The stock had a trading volume of 793,120 shares, compared to its average volume of 273,705. The firm has a market capitalization of $12.81 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67. The stock’s 50-day moving average price is $414.25 and its two-hundred day moving average price is $361.14. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. TopBuild Corp. has a 52-week low of $199.31 and a 52-week high of $452.87.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $4.40 EPS. TopBuild’s revenue was up 1.7% compared to the same quarter last year. Equities analysts expect that TopBuild Corp. will post 21.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Loop Capital raised TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Bank of America upped their target price on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Benchmark lifted their price target on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. DA Davidson started coverage on shares of TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price objective for the company. Finally, Evercore ISI lifted their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.90.

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.