Inceptionr LLC Acquires 1,873 Shares of TopBuild Corp. (NYSE:BLD)

Inceptionr LLC raised its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 129.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,323 shares of the construction company's stock after purchasing an additional 1,873 shares during the period. Inceptionr LLC's holdings in TopBuild were worth $1,035,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Pitcairn Co. increased its stake in shares of TopBuild by 178.2% in the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after purchasing an additional 1,422 shares in the last quarter. TT International Asset Management LTD increased its stake in shares of TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock worth $5,847,000 after purchasing an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock worth $933,000 after purchasing an additional 2,008 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of TopBuild by 57.8% in the fourth 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of TopBuild by 37.3% in 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 in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Loop Capital reduced their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Benchmark reduced 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. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Seaport Res Ptn cut shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, Truist Financial reduced their price objective 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $411.78.

TopBuild Price Performance

TopBuild stock traded up $3.17 during mid-day trading on Friday, hitting $308.51. 383,607 shares of the company traded hands, compared to its average volume of 297,711. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 15.57, 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 quick ratio of 1.49 and a current ratio of 2.01. The stock has a fifty day moving average price of $325.00 and a 200-day moving average price of $357.32.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 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 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.69 earnings per share. On average, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.