Miracle Mile Advisors LLC Makes New $475,000 Investment in TopBuild Corp. (NYSE:BLD)

Miracle Mile Advisors LLC purchased a new position in TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,526 shares of the construction company's stock, valued at approximately $475,000.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in TopBuild by 21.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,404 shares of the construction company's stock worth $926,000 after purchasing an additional 430 shares in the last quarter. Federated Hermes Inc. raised its position in shares of TopBuild by 2.7% in the second quarter. Federated Hermes Inc. now owns 8,655 shares of the construction company's stock worth $3,335,000 after buying an additional 227 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of TopBuild by 274.0% in the second quarter. Edgestream Partners L.P. now owns 7,614 shares of the construction company's stock worth $2,933,000 after buying an additional 5,578 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in TopBuild by 8.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 987 shares of the construction company's stock valued at $380,000 after buying an additional 73 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in TopBuild by 15.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,224 shares of the construction company's stock worth $1,242,000 after buying an additional 428 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and lowered their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. DA Davidson cut their price target on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group lowered their price objective 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. Finally, The Goldman Sachs Group cut their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $437.00.

TopBuild Trading Up 0.4 %

Shares of BLD stock traded up $1.42 on Thursday, hitting $345.14. 208,879 shares of the company's stock traded hands, compared to its average volume of 260,148. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.84 and a beta of 1.84. The company's fifty day simple moving average is $346.81 and its 200 day simple moving average is $379.53. TopBuild Corp. has a one year low of $302.70 and a one year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same period last year, the firm earned $5.43 earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts forecast 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.