Barclays PLC Has $22.72 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Barclays PLC boosted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 198.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,977 shares of the construction company's stock after buying an additional 48,530 shares during the period. Barclays PLC owned approximately 0.25% of TopBuild worth $22,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the 3rd quarter valued at about $31,000. Winch Advisory Services LLC bought a new position in TopBuild during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc lifted its stake in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after acquiring an additional 72 shares during the last quarter. V Square Quantitative Management LLC grew its position in TopBuild by 55.3% in the fourth 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. Finally, R Squared Ltd acquired a new position in shares of TopBuild during the 4th quarter worth $72,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Loop Capital reduced their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Benchmark lowered their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. 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, January 14th. Four research 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $398.56.

TopBuild Price Performance

BLD traded up $7.01 during midday trading on Wednesday, reaching $295.26. 308,192 shares of the company's stock were exchanged, compared to its average volume of 316,069. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The business has a 50-day simple moving average of $300.86 and a two-hundred day simple moving average of $335.33. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $4.69 EPS. TopBuild's quarterly revenue was up 2.0% on a year-over-year basis. As a group, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current 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.