Nisa Investment Advisors LLC Grows Position in TopBuild Corp. (NYSE:BLD)

Nisa Investment Advisors LLC grew its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 28.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,545 shares of the construction company's stock after purchasing an additional 3,260 shares during the period. Nisa Investment Advisors LLC's holdings in TopBuild were worth $4,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its holdings in shares of TopBuild by 8.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 987 shares of the construction company's stock worth $380,000 after acquiring an additional 73 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of TopBuild in the second quarter worth approximately $4,250,000. Squarepoint Ops LLC purchased a new stake in TopBuild during the second quarter valued at approximately $1,154,000. Toronto Dominion Bank boosted its stake in shares of TopBuild by 39.4% during the 2nd quarter. Toronto Dominion Bank now owns 2,213 shares of the construction company's stock worth $853,000 after acquiring an additional 626 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of TopBuild by 118.0% in the 2nd quarter. AQR Capital Management LLC now owns 15,297 shares of the construction company's stock worth $5,850,000 after purchasing an additional 8,280 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Down 0.6 %

Shares of BLD traded down $2.00 during mid-day trading on Friday, hitting $352.82. The company's stock had a trading volume of 218,359 shares, compared to its average volume of 207,994. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.08 and a beta of 1.84. TopBuild Corp. has a 52-week low of $302.70 and a 52-week 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. The company's 50-day moving average is $345.03 and its 200-day moving average is $378.02.

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 analysts' consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $5.43 EPS. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Jefferies Financial Group reduced their target price on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group reduced their target price 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. DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Finally, Evercore ISI cut shares of 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and a consensus target price of $437.00.

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.