Natixis Advisors LLC Invests $41.98 Million in TopBuild Corp. (NYSE:BLD)

Natixis Advisors LLC purchased a new position in TopBuild Corp. (NYSE:BLD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 103,195 shares of the construction company’s stock, valued at approximately $41,981,000. Natixis Advisors LLC owned approximately 0.34% of TopBuild at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BLD. Assenagon Asset Management S.A. grew its holdings in TopBuild by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after purchasing an additional 23 shares during the last quarter. Andina Capital Management LLC lifted its holdings in shares of TopBuild by 3.2% during the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock valued at $335,000 after acquiring an additional 27 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after acquiring an additional 30 shares during the period. Fifth Third Bancorp lifted its holdings in shares of TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after acquiring an additional 31 shares during the period. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of TopBuild by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock valued at $712,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

TopBuild stock opened at $347.04 on Monday. The stock has a 50-day simple moving average of $383.49 and a 200 day simple moving average of $397.71. 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 $10.24 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 2.19 and a beta of 1.79. TopBuild Corp. has a 12-month low of $290.00 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $5.43 earnings per share. On average, research analysts anticipate that TopBuild Corp. will post 21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLD has been the subject of a number of analyst reports. DA Davidson cut their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI cut their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group cut their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $440.44.

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.