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

Jackson Square Partners LLC purchased a new position in shares of TopBuild Corp. (NYSE:BLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 62,512 shares of the construction company’s stock, valued at approximately $19,462,000. TopBuild makes up approximately 2.1% of Jackson Square Partners LLC’s holdings, making the stock its 26th biggest holding. Jackson Square Partners LLC owned approximately 0.21% of TopBuild at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLD. Winch Advisory Services LLC acquired a new stake in TopBuild in the 4th quarter worth approximately $26,000. Versant Capital Management Inc increased its position in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after buying an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild during the third quarter worth about $31,000. V Square Quantitative Management LLC increased its position in shares of TopBuild by 55.3% during the fourth 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new position in TopBuild during the third quarter worth about $45,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

TopBuild stock opened at $315.74 on Tuesday. The stock has a 50-day simple moving average of $322.43 and a 200 day simple moving average of $350.56. TopBuild Corp. has a 12-month low of $288.31 and a 12-month high of $495.68. 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 stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.69 earnings per share. On average, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of research analyst reports. Loop Capital lowered their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, TopBuild presently has an average 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.