Burney Co. Takes $249,000 Position in TopBuild Corp. (NYSE:BLD)

Burney Co. bought a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 800 shares of the construction company's stock, valued at approximately $249,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of TopBuild in the 3rd quarter worth approximately $114,220,000. FMR LLC increased its holdings in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock valued at $744,663,000 after buying an additional 161,743 shares in the last quarter. Jennison Associates LLC lifted its position in shares of TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock valued at $46,389,000 after acquiring an additional 110,143 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of TopBuild in the 3rd quarter worth $41,981,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of TopBuild by 37.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after purchasing an additional 48,562 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Up 0.2 %

NYSE:BLD traded up $0.86 during mid-day trading on Friday, reaching $346.72. The stock had a trading volume of 210,749 shares, compared to its average volume of 285,998. 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 has a market cap of $10.23 billion, a P/E ratio of 17.49, a PEG ratio of 1.84 and a beta of 1.84. The business's 50 day moving average is $345.83 and its 200 day moving average is $379.10. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.43 EPS. As a group, sell-side analysts predict that TopBuild Corp. will post 20.95 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on BLD shares. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. The Goldman Sachs Group decreased their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn downgraded shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. DA Davidson lowered their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Finally, Evercore ISI downgraded TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $437.00.

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.