2Xideas AG Raises Stake in TopBuild Corp. (NYSE:BLD)

2Xideas AG raised its position in TopBuild Corp. (NYSE:BLD - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,871 shares of the construction company's stock after acquiring an additional 10,953 shares during the quarter. 2Xideas AG owned approximately 0.10% of TopBuild worth $9,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild during the 3rd quarter worth $31,000. Winch Advisory Services LLC purchased a new stake in TopBuild during the 4th quarter worth about $26,000. Versant Capital Management Inc boosted its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of TopBuild in the 3rd quarter valued at about $45,000. Finally, V Square Quantitative Management LLC raised its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of NYSE:BLD traded up $2.82 during trading on Friday, reaching $287.71. The company had a trading volume of 95,417 shares, compared to its average volume of 317,366. 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 stock's fifty day moving average price is $308.06 and its 200 day moving average price is $341.75. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78.

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TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (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 business's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.69 earnings per share. As a group, equities research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Ratings Changes

BLD has been the topic of a number of research analyst reports. Seaport Res Ptn cut shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Truist Financial decreased their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Loop Capital dropped their price objective on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price for the company. Finally, Benchmark cut 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, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $398.56.

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.