Proficio Capital Partners LLC Invests $5.91 Million in TopBuild Corp. (NYSE:BLD)

Proficio Capital Partners LLC acquired a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,992 shares of the construction company's stock, valued at approximately $5,913,000. Proficio Capital Partners LLC owned 0.06% of TopBuild as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in TopBuild by 1.5% during the third quarter. State of Alaska Department of Revenue now owns 3,486 shares of the construction company's stock worth $1,418,000 after purchasing an additional 50 shares during the period. US Bancorp DE lifted its holdings in TopBuild by 539.0% during the 3rd quarter. US Bancorp DE now owns 7,393 shares of the construction company's stock worth $3,008,000 after buying an additional 6,236 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of TopBuild by 107.1% in the third quarter. Farther Finance Advisors LLC now owns 468 shares of the construction company's stock worth $190,000 after acquiring an additional 242 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of TopBuild by 37.9% during the third quarter. Janney Montgomery Scott LLC now owns 3,974 shares of the construction company's stock worth $1,617,000 after acquiring an additional 1,092 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of TopBuild by 40.0% in the third quarter. Van ECK Associates Corp now owns 20,685 shares of the construction company's stock valued at $7,671,000 after acquiring an additional 5,910 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

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Wall Street Analysts Forecast Growth

BLD has been the topic of a number of analyst reports. Benchmark reduced their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday. DA Davidson lowered their price target 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. The Goldman Sachs Group reduced their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Loop Capital dropped their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus target price of $411.78.

TopBuild Stock Performance

Shares of BLD traded up $3.17 during midday trading on Friday, reaching $308.51. 382,015 shares of the stock were exchanged, compared to its average volume of 297,788. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.82 and a beta of 1.85. The business's 50-day moving average price is $325.04 and its 200 day moving average price is $357.96.

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

TopBuild Company 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.