New Age Alpha Advisors LLC Purchases New Position in TopBuild Corp. (NYSE:BLD)

New Age Alpha Advisors LLC acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 6,456 shares of the construction company's stock, valued at approximately $2,010,000.

A number of other large investors have also bought and sold shares of BLD. TT International Asset Management LTD boosted its holdings 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 valued at $5,847,000 after buying an additional 4,694 shares during the period. Van ECK Associates Corp boosted its stake in TopBuild by 57.8% in the 4th 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 during the period. Bank of Montreal Can increased its holdings in TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock worth $4,600,000 after purchasing an additional 4,703 shares in the last quarter. Fortem Financial Group LLC increased its holdings in TopBuild by 450.8% during the 3rd quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company's stock worth $2,129,000 after purchasing an additional 4,283 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of TopBuild by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company's stock valued at $34,828,000 after purchasing an additional 10,612 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Benchmark reduced 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. The Goldman Sachs Group lowered their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Seaport Res Ptn cut shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Loop Capital lowered their price target on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research note on Tuesday. They set a "buy" rating and a $356.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $398.56.

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TopBuild Stock Performance

Shares of BLD stock traded down $31.20 on Thursday, reaching $281.79. The stock had a trading volume of 104,418 shares, compared to its average volume of 308,885. TopBuild Corp. has a 12 month low of $279.61 and a 12 month high of $495.68. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.82 and a beta of 1.77. The firm's 50-day moving average is $317.36 and its two-hundred day moving average is $347.85. 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 released its quarterly earnings data 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. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $4.69 earnings per share. On average, research analysts expect that TopBuild Corp. will post 20.97 EPS 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.