Abacus FCF Advisors LLC Purchases New Holdings in TopBuild Corp. (NYSE:BLD)

Abacus FCF Advisors LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,263 shares of the construction company's stock, valued at approximately $705,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in TopBuild by 3.2% during the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock worth $455,639,000 after acquiring an additional 34,911 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after purchasing an additional 40,916 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TopBuild by 2.1% during the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock valued at $255,526,000 after purchasing an additional 12,909 shares during the last quarter. Invesco Ltd. increased its holdings in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after purchasing an additional 75,713 shares in the last quarter. Finally, Norges Bank bought a new position in TopBuild in the 4th quarter worth approximately $108,688,000. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Down 0.5 %

Shares of BLD traded down $1.45 during midday trading on Monday, hitting $287.18. The stock had a trading volume of 41,623 shares, compared to its average volume of 341,342. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company has a 50 day simple moving average of $307.18 and a two-hundred day simple moving average of $340.58. TopBuild Corp. has a twelve month low of $266.26 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.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group reduced their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus price target of $398.56.

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.