Northern Trust Corp grew its holdings in shares of TopBuild Corp (NYSE:BLD) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 495,797 shares of the construction company’s stock after buying an additional 3,456 shares during the quarter. Northern Trust Corp’s holdings in TopBuild were worth $37,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new position in shares of TopBuild in the fourth quarter valued at $283,000. Allianz Asset Management GmbH boosted its stake in shares of TopBuild by 162.7% in the fourth quarter. Allianz Asset Management GmbH now owns 172,710 shares of the construction company’s stock valued at $13,081,000 after purchasing an additional 106,958 shares during the period. ETRADE Capital Management LLC boosted its stake in shares of TopBuild by 11.9% in the fourth quarter. ETRADE Capital Management LLC now owns 24,008 shares of the construction company’s stock valued at $1,818,000 after purchasing an additional 2,545 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of TopBuild by 31.3% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the construction company’s stock valued at $287,000 after purchasing an additional 902 shares during the period. Finally, Capital Fund Management S.A. boosted its stake in shares of TopBuild by 40.9% in the fourth quarter. Capital Fund Management S.A. now owns 13,100 shares of the construction company’s stock valued at $992,000 after purchasing an additional 3,800 shares during the period. Institutional investors own 91.19% of the company’s stock.

Several brokerages have recently weighed in on BLD. Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. SunTrust Banks upped their target price on shares of TopBuild to $90.00 and gave the company a “buy” rating in a research note on Wednesday, May 9th. ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Jefferies Financial Group restated a “buy” rating and issued a $91.00 target price on shares of TopBuild in a research note on Monday, April 23rd. Finally, Nomura set a $100.00 target price on shares of TopBuild and gave the company a “buy” rating in a research note on Tuesday, March 13th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $86.20.

BLD opened at $83.45 on Friday. The firm has a market capitalization of $2.98 billion, a P/E ratio of 27.19 and a beta of 0.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.46. TopBuild Corp has a 12-month low of $51.64 and a 12-month high of $87.21.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $491.00 million for the quarter, compared to analysts’ expectations of $486.34 million. TopBuild had a net margin of 9.52% and a return on equity of 11.49%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. equities research analysts anticipate that TopBuild Corp will post 4.13 EPS for the current fiscal year.

TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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