Dixon Mitchell Investment Counsel Inc. Increases Stake in TopBuild Corp. (NYSE:BLD)

Dixon Mitchell Investment Counsel Inc. grew its position in TopBuild Corp. (NYSE:BLD) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,213 shares of the construction company’s stock after acquiring an additional 2,758 shares during the period. Dixon Mitchell Investment Counsel Inc. owned about 0.12% of TopBuild worth $15,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in TopBuild by 0.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after purchasing an additional 23 shares in the last quarter. Andina Capital Management LLC grew its holdings in TopBuild by 3.2% during the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock worth $335,000 after acquiring an additional 27 shares during the period. CIBC Asset Management Inc lifted its holdings in TopBuild by 3.5% in the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after acquiring an additional 30 shares during the period. Fifth Third Bancorp boosted its position in shares of TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after purchasing an additional 31 shares in the last quarter. Finally, Hanseatic Management Services Inc. increased its holdings in shares of TopBuild by 1.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock valued at $712,000 after purchasing an additional 31 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLD has been the topic of several recent analyst reports. Stephens lowered their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI boosted their target price on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research report on Wednesday. DA Davidson dropped their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $446.89.

TopBuild Price Performance

NYSE:BLD opened at $414.77 on Friday. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average is $389.93 and its two-hundred day moving average is $404.22.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.25 EPS. Research analysts expect that TopBuild Corp. will post 21.08 EPS for the current 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.