Capital Fund Management S.A. increased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,209 shares of the construction company's stock after purchasing an additional 4,451 shares during the quarter. Capital Fund Management S.A. owned about 0.10% of TopBuild worth $9,405,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP increased its stake in shares of TopBuild by 10.8% in the 3rd quarter. Quantinno Capital Management LP now owns 3,203 shares of the construction company's stock valued at $1,303,000 after buying an additional 313 shares during the period. EP Wealth Advisors LLC bought a new stake in TopBuild during the 3rd quarter worth about $344,000. National Bank of Canada FI lifted its position in TopBuild by 0.8% during the 3rd quarter. National Bank of Canada FI now owns 9,098 shares of the construction company's stock valued at $3,701,000 after purchasing an additional 74 shares during the period. MML Investors Services LLC boosted its stake in shares of TopBuild by 33.7% in the 3rd quarter. MML Investors Services LLC now owns 4,103 shares of the construction company's stock valued at $1,669,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $413,000. Institutional investors and hedge funds own 95.67% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on BLD shares. The Goldman Sachs Group cut their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Loop Capital reduced their price target on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Evercore ISI downgraded TopBuild from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $443.00 to $381.00 in a report 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, Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $398.56.
Read Our Latest Stock Analysis on TopBuild
TopBuild Stock Down 1.6 %
BLD stock traded down $4.77 during mid-day trading on Tuesday, hitting $287.44. 224,500 shares of the company were exchanged, compared to its average volume of 318,884. The firm has a market cap of $8.41 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm's 50 day simple moving average is $306.25 and its 200 day simple moving average is $339.75.
TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business earned $4.69 EPS. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.
TopBuild 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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