Meeder Asset Management Inc. Grows Holdings in TopBuild Corp. (NYSE:BLD)

Meeder Asset Management Inc. grew its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 109.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,621 shares of the construction company's stock after acquiring an additional 4,497 shares during the period. Meeder Asset Management Inc.'s holdings in TopBuild were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Winch Advisory Services LLC bought a new position in shares of TopBuild in the fourth quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in shares of TopBuild by 327.3% in 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild during the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC increased its position 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 purchasing an additional 42 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of TopBuild in the 3rd quarter worth $45,000. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Truist Financial lowered their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Benchmark decreased their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and dropped their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $398.56.

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TopBuild Price Performance

BLD stock traded up $19.30 during mid-day trading on Friday, reaching $303.52. 339,833 shares of the company's stock were exchanged, compared to its average volume of 311,328. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.77. TopBuild Corp. has a 12-month low of $255.00 and a 12-month high of $495.68. The stock's 50 day moving average is $315.94 and its 200 day moving average is $347.41. 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 (NYSE:BLD - Get Free Report) last issued its quarterly earnings results 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 return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $4.69 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

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.