Central Pacific Bank Trust Division Acquires 130 Shares of TopBuild Corp. (NYSE:BLD)

Central Pacific Bank Trust Division boosted its stake in TopBuild Corp. (NYSE:BLD) by 43.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 432 shares of the construction company’s stock after acquiring an additional 130 shares during the period. Central Pacific Bank Trust Division’s holdings in TopBuild were worth $134,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its holdings in TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after buying an additional 161,743 shares during the period. State Street Corp grew its stake in TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after purchasing an additional 34,911 shares during the period. Geode Capital Management LLC raised its holdings in TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after purchasing an additional 12,909 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in TopBuild during the third quarter valued at $114,220,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of TopBuild by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock valued at $94,955,000 after buying an additional 5,982 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BLD shares. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. 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 research report on Wednesday, October 9th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Price Performance

BLD opened at $316.52 on Friday. The company’s 50-day simple moving average is $353.26 and its two-hundred day simple moving average is $383.23. TopBuild Corp. has a 52-week low of $302.70 and a 52-week high of $495.68. The stock has a market capitalization of $9.34 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.31 and a beta of 1.84. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $5.43 earnings per share. As a group, analysts predict that TopBuild Corp. will post 20.95 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.