Proficio Capital Partners LLC bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,992 shares of the construction company's stock, valued at approximately $5,913,000. Proficio Capital Partners LLC owned about 0.06% of TopBuild as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. lifted its position in shares of TopBuild by 116.9% in the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock valued at $29,442,000 after buying an additional 50,959 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in TopBuild by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock valued at $78,329,000 after purchasing an additional 18,174 shares during the last quarter. US Bancorp DE boosted its position in TopBuild by 7.8% during the fourth quarter. US Bancorp DE now owns 7,971 shares of the construction company's stock worth $2,482,000 after purchasing an additional 578 shares during the period. Versor Investments LP acquired a new position in shares of TopBuild in the fourth quarter valued at $328,000. Finally, IFP Advisors Inc raised its position in shares of TopBuild by 8.8% in the fourth quarter. IFP Advisors Inc now owns 1,015 shares of the construction company's stock valued at $316,000 after purchasing an additional 82 shares during the period. Institutional investors own 95.67% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on BLD shares. Loop Capital decreased 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. Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $403.88.
Get Our Latest Stock Analysis on BLD
TopBuild Price Performance
Shares of NYSE BLD traded up $0.86 during mid-day trading on Thursday, reaching $306.73. The company had a trading volume of 162,614 shares, compared to its average volume of 299,464. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.82 and a beta of 1.89. The business's 50-day simple moving average is $322.97 and its 200 day simple moving average is $352.14. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.
TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.31 billion for 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 business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.69 earnings per share. On average, research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.
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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