Kennedy Capital Management LLC Buys 1,063 Shares of TopBuild Corp. (NYSE:BLD)

Kennedy Capital Management LLC increased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,944 shares of the construction company's stock after acquiring an additional 1,063 shares during the quarter. Kennedy Capital Management LLC owned 0.14% of TopBuild worth $12,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. TT International Asset Management LTD grew its stake in shares of TopBuild by 33.3% in 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 buying an additional 4,694 shares during the period. Van ECK Associates Corp grew its position in TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock valued at $10,160,000 after purchasing an additional 11,948 shares during the period. Fortem Financial Group LLC increased its stake in TopBuild by 450.8% during the 3rd quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company's stock valued at $2,129,000 after purchasing an additional 4,283 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TopBuild by 14.1% in the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company's stock valued at $34,828,000 after buying an additional 10,612 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of TopBuild by 51.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock worth $14,682,000 after acquiring an additional 16,090 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. The Goldman Sachs Group decreased their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $398.56.

TopBuild Stock Performance

BLD traded down $5.39 during trading hours on Tuesday, hitting $286.82. The stock had a trading volume of 58,703 shares, compared to its average volume of 317,688. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company's fifty day simple moving average is $306.25 and its 200 day simple moving average is $339.75. The stock has a market cap of $8.39 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $4.69 earnings per share. Equities analysts anticipate 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.