Channing Capital Management LLC Acquires 21,202 Shares of TopBuild Corp. (NYSE:BLD)

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

Several other institutional investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its holdings in TopBuild by 91.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,028 shares of the construction company’s stock valued at $510,000 after acquiring an additional 971 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of TopBuild in the third quarter worth about $223,000. Raymond James & Associates boosted its stake in TopBuild by 37.6% during the third quarter. Raymond James & Associates now owns 18,225 shares of the construction company’s stock valued at $4,585,000 after buying an additional 4,983 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in TopBuild by 25.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,093 shares of the construction company’s stock valued at $275,000 after buying an additional 223 shares in the last quarter. Finally, BluePath Capital Management LLC purchased a new position in TopBuild during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BLD. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Stephens reissued an “equal weight” rating and issued a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. The Goldman Sachs Group increased their price target on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Bank of America lifted their price target on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $418.90.

TopBuild Stock Down 1.6 %

Shares of BLD stock traded down $6.36 during mid-day trading on Friday, hitting $402.52. The stock had a trading volume of 793,120 shares, compared to its average volume of 273,705. TopBuild Corp. has a 12-month low of $199.31 and a 12-month high of $452.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The firm’s 50-day moving average is $414.25 and its two-hundred day moving average is $361.14. The firm has a market capitalization of $12.81 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67.

TopBuild (NYSE:BLD) last issued its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.09. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.40 EPS. On average, analysts predict that TopBuild Corp. will post 21.02 earnings per share for the current fiscal year.

TopBuild Profile

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.