First Trust Advisors LP Has $16 Million Position in TopBuild Corp. (NYSE:BLD)

First Trust Advisors LP boosted its position in TopBuild Corp. (NYSE:BLD - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,390 shares of the construction company's stock after buying an additional 10,237 shares during the quarter. First Trust Advisors LP owned approximately 0.17% of TopBuild worth $16,000,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BLD. Winch Advisory Services LLC acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc grew its position in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild in the 3rd quarter valued at $31,000. V Square Quantitative Management LLC increased its stake in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after buying an additional 42 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of TopBuild during the 3rd quarter worth about $54,000. Institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

BLD has been the topic of several analyst reports. Benchmark dropped 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. Loop Capital dropped their price target on shares of 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 cut their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group lowered their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $398.56.

TopBuild Stock Down 1.8 %

Shares of BLD opened at $296.83 on Monday. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. The firm has a market cap of $8.68 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The firm's 50-day simple moving average is $299.30 and its 200 day simple moving average is $333.09. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business earned $4.69 EPS. TopBuild's quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

TopBuild Company 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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