Brandywine Global Investment Management LLC boosted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 205.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,585 shares of the construction company's stock after buying an additional 17,895 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.09% of TopBuild worth $8,277,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its position in shares of TopBuild by 0.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock worth $1,681,000 after acquiring an additional 40 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares during the last quarter. Point72 DIFC Ltd boosted its holdings in shares of TopBuild by 1.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company's stock valued at $1,031,000 after purchasing an additional 46 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of TopBuild by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after purchasing an additional 48 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of TopBuild by 21.8% during the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock worth $96,000 after buying an additional 55 shares in the last quarter. 95.67% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Evercore ISI lowered shares of TopBuild from an "outperform" rating to an "inline" rating and decreased their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Truist Financial lowered their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday. They issued a "buy" rating and a $356.00 target price on the stock. Finally, Loop Capital lowered their price target on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Four 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, TopBuild currently has an average rating of "Moderate Buy" and a consensus price target of $398.56.
Read Our Latest Report on TopBuild
TopBuild Trading Up 6.7 %
NYSE BLD traded up $19.06 on Friday, reaching $303.28. The company had a trading volume of 904,513 shares, compared to its average volume of 314,290. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.82 and a beta of 1.77. TopBuild Corp. has a fifty-two week low of $272.24 and a fifty-two week high of $495.68. The business has a 50 day moving average of $314.95 and a two-hundred day moving average of $346.40. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.
TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $4.69 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. Analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.
TopBuild Company Profile
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Free Report)
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.
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