Jackson Square Partners LLC Invests $19.46 Million in TopBuild Corp. (NYSE:BLD)

Jackson Square Partners LLC bought a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 62,512 shares of the construction company's stock, valued at approximately $19,462,000. TopBuild comprises about 2.1% of Jackson Square Partners LLC's investment portfolio, making the stock its 26th largest holding. Jackson Square Partners LLC owned about 0.21% of TopBuild as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Winch Advisory Services LLC bought a new position in shares of TopBuild during the fourth quarter valued at about $26,000. Versant Capital Management Inc grew its position in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after acquiring an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC increased its stake in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares during the period. Finally, Quantbot Technologies LP bought a new stake in TopBuild in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Stock Down 1.6 %

Shares of NYSE:BLD traded down $5.06 during trading on Friday, hitting $305.95. The stock had a trading volume of 369,054 shares, compared to its average volume of 309,553. The company has a market capitalization of $8.95 billion, a PE ratio of 15.44, a PEG ratio of 1.82 and a beta of 1.89. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm's fifty day moving average is $319.92 and its 200 day moving average is $349.23. TopBuild Corp. has a 12 month low of $288.31 and a 12 month high of $495.68.

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TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data 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 return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company earned $4.69 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Benchmark decreased their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Loop Capital lowered their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group cut their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and lowered their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $403.88.

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.