Pitcairn Co. Has $903,000 Position in TopBuild Corp. (NYSE:BLD)

Pitcairn Co. raised its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 178.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,220 shares of the construction company's stock after buying an additional 1,422 shares during the quarter. Pitcairn Co.'s holdings in TopBuild were worth $903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BLD. Vaughan Nelson Investment Management L.P. bought a new position in shares of TopBuild in the third quarter worth $114,220,000. Jennison Associates LLC increased its stake in shares of TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock valued at $46,389,000 after acquiring an additional 110,143 shares during the period. Natixis Advisors LLC acquired a new position in shares of TopBuild during the 3rd quarter valued at $41,981,000. Liontrust Investment Partners LLP raised its stake in shares of TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after buying an additional 57,880 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after buying an additional 48,562 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

BLD has been the topic of several research reports. Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Stephens cut their target price on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. DA Davidson cut their price objective on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, Evercore ISI decreased their target price on TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $440.44.

TopBuild Stock Up 9.0 %

NYSE BLD traded up $33.62 during trading on Monday, reaching $406.67. 593,871 shares of the company's stock were exchanged, compared to its average volume of 289,242. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a fifty-two week low of $292.20 and a fifty-two week high of $495.68. The company's fifty day simple moving average is $382.64 and its 200-day simple moving average is $396.04. The firm has a market capitalization of $12.00 billion, a PE ratio of 20.52, a P/E/G ratio of 2.35 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period last year, the company posted $5.43 earnings per share. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that TopBuild Corp. will post 20.99 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.