Canada Pension Plan Investment Board Acquires Shares of 13,100 TopBuild Corp. (NYSE:BLD)

Canada Pension Plan Investment Board acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,100 shares of the construction company's stock, valued at approximately $4,079,000.

Several other institutional investors have also modified their holdings of the company. Jump Financial LLC purchased a new stake in TopBuild during the 4th quarter worth about $2,177,000. Anchor Investment Management LLC raised its position in shares of TopBuild by 16.8% during the 4th quarter. Anchor Investment Management LLC now owns 1,037 shares of the construction company's stock worth $323,000 after acquiring an additional 149 shares in the last quarter. Promethos Capital LLC lifted its stake in TopBuild by 3.6% during the fourth quarter. Promethos Capital LLC now owns 10,830 shares of the construction company's stock worth $3,372,000 after purchasing an additional 380 shares during the last quarter. XTX Topco Ltd lifted its stake in TopBuild by 59.1% during the fourth quarter. XTX Topco Ltd now owns 3,853 shares of the construction company's stock worth $1,200,000 after purchasing an additional 1,431 shares during the last quarter. Finally, Barclays PLC boosted its holdings in TopBuild by 198.5% in the fourth quarter. Barclays PLC now owns 72,977 shares of the construction company's stock valued at $22,719,000 after purchasing an additional 48,530 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Benchmark decreased their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Loop Capital cut their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Truist Financial reduced their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, The Goldman Sachs Group dropped their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $398.56.

TopBuild Trading Up 4.2 %

NYSE:BLD opened at $288.14 on Wednesday. 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 stock's 50 day simple moving average is $300.86 and its 200-day simple moving average is $335.33. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68. The firm has a market cap of $8.43 billion, a P/E ratio of 14.54, a PEG ratio of 1.82 and a beta of 1.78.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion during 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%. TopBuild's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.69 EPS. Equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

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.

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