KBC Group NV Acquires 8,171 Shares of TopBuild Corp. (NYSE:BLD)

KBC Group NV increased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 377.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,338 shares of the construction company's stock after purchasing an additional 8,171 shares during the period. KBC Group NV's holdings in TopBuild were worth $3,219,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLD. Winch Advisory Services LLC bought a new position in TopBuild in the 4th quarter valued at about $26,000. Versant Capital Management Inc boosted its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in TopBuild in the third quarter valued at approximately $31,000. Kennebec Savings Bank acquired a new position in TopBuild during the third quarter valued at approximately $45,000. Finally, Quantbot Technologies LP bought a new stake in TopBuild during the third quarter worth $45,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BLD. The Goldman Sachs Group decreased 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. DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Seaport Res Ptn cut shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Finally, Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and lowered their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $437.00.

TopBuild Trading Up 1.3 %

BLD traded up $4.22 during trading on Tuesday, reaching $333.01. 238,791 shares of the company's stock were exchanged, compared to its average volume of 258,940. The firm has a fifty day moving average price of $341.24 and a two-hundred day moving average price of $373.05. The stock has a market capitalization of $9.82 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.85. TopBuild Corp. has a one year low of $302.70 and a one year high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.39 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 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.43 earnings per share. As a group, equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.