LPL Financial LLC reduced its position in TopBuild Corp. (NYSE:BLD - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,131 shares of the construction company's stock after selling 3,015 shares during the quarter. LPL Financial LLC owned approximately 0.13% of TopBuild worth $11,561,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of BLD. Wilmington Savings Fund Society FSB purchased a new stake in TopBuild during the 3rd quarter worth about $31,000. Winch Advisory Services LLC acquired a new position in shares of TopBuild during the fourth quarter worth about $26,000. Versant Capital Management Inc increased its stake in shares of TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after buying an additional 72 shares during the period. Quantbot Technologies LP acquired a new stake in TopBuild in the third quarter valued at approximately $45,000. Finally, V Square Quantitative Management LLC lifted its stake in TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after acquiring an additional 42 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.
TopBuild Stock Performance
Shares of NYSE BLD traded down $13.62 during midday trading on Tuesday, reaching $273.50. 463,548 shares of the company were exchanged, compared to its average volume of 316,383. The stock has a fifty day simple moving average of $310.92 and a 200 day simple moving average of $343.67. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market cap of $8.00 billion, a P/E ratio of 13.80, a PEG ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a 1 year low of $272.03 and a 1 year high of $495.68.
TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. 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 previous year, the company posted $4.69 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price on the stock. Benchmark lowered their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Loop Capital cut their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $398.56.
Check Out Our Latest Research Report on BLD
TopBuild Company Profile
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Free Report)
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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