Polen Capital Management LLC Boosts Stake in TopBuild Corp. (NYSE:BLD)

Polen Capital Management LLC lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,220 shares of the construction company’s stock after acquiring an additional 1,145 shares during the quarter. Polen Capital Management LLC’s holdings in TopBuild were worth $1,625,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. FMR LLC boosted its stake in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares in the last quarter. State Street Corp increased its position in shares of TopBuild by 3.2% during the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after acquiring an additional 34,911 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after acquiring an additional 12,909 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of TopBuild by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock worth $91,076,000 after acquiring an additional 11,762 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of TopBuild by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company’s stock worth $78,329,000 after purchasing an additional 18,174 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of BLD opened at $299.45 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $323.89 and its 200-day simple moving average is $353.75. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings results 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. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.69 EPS. Equities analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BLD. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Loop Capital dropped their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Benchmark reduced their price target 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.