Blueshift Asset Management LLC Invests $512,000 in TopBuild Corp. (NYSE:BLD)

Blueshift Asset Management LLC acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,645 shares of the construction company's stock, valued at approximately $512,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position in TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after purchasing an additional 161,743 shares during the period. Jennison Associates LLC boosted its stake in shares of TopBuild by 2,833.6% in the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock valued at $46,389,000 after purchasing an additional 110,143 shares during the last quarter. E. Ohman J or Asset Management AB acquired a new stake in shares of TopBuild during the 4th quarter worth approximately $23,906,000. Victory Capital Management Inc. raised its stake in shares of TopBuild by 116.9% during the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock worth $29,442,000 after buying an additional 50,959 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after buying an additional 48,562 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLD has been the subject of a number of analyst reports. Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group decreased their price objective on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and cut their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Benchmark reduced their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $403.88.

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TopBuild Stock Down 0.7 %

Shares of NYSE BLD traded down $2.24 during mid-day trading on Tuesday, reaching $312.86. 339,635 shares of the company's stock were exchanged, compared to its average volume of 301,954. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $322.43 and a 200 day simple moving average of $350.56. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.82 and a beta of 1.89.

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

About TopBuild

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.