Hillsdale Investment Management Inc. Invests $699,000 in TopBuild Corp. (NYSE:BLD)

Hillsdale Investment Management Inc. bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,245 shares of the construction company's stock, valued at approximately $699,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pitcairn Co. raised its position in shares of TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after acquiring an additional 1,422 shares during the last quarter. TT International Asset Management LTD increased its position in TopBuild by 33.3% during the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock valued at $5,847,000 after purchasing an additional 4,694 shares during the period. Van ECK Associates Corp raised its holdings in TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after purchasing an additional 11,948 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TopBuild by 37.3% during the 3rd 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 last quarter. Finally, Bank of Montreal Can lifted its position in shares of TopBuild by 72.0% in the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock worth $4,600,000 after purchasing an additional 4,703 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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TopBuild Stock Down 0.2 %

Shares of NYSE:BLD traded down $0.48 during midday trading on Thursday, hitting $311.34. 221,295 shares of the company's stock were exchanged, compared to its average volume of 302,339. The stock has a 50 day moving average price of $321.41 and a 200-day moving average price of $349.97. The company has a market cap of $9.11 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. 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 Corp. has a 12 month low of $288.31 and a 12 month high of $495.68.

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 net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $4.69 EPS. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the subject of several recent analyst reports. Seaport Res Ptn cut shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and decreased their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Truist Financial lowered 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $403.88.

About TopBuild

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.