Rockefeller Capital Management L.P. bought a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,810 shares of the construction company's stock, valued at approximately $3,366,000.
Several other hedge funds and other institutional investors have also modified their holdings of BLD. Sheaff Brock Investment Advisors LLC increased its holdings in TopBuild by 0.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock worth $1,681,000 after buying an additional 40 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of TopBuild by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after purchasing an additional 48 shares during the last quarter. Trust Co. of Vermont increased its position in TopBuild by 21.8% during the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock worth $96,000 after buying an additional 55 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in TopBuild by 18.0% during the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after buying an additional 67 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Loop Capital reduced their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group lowered their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $398.56.
Get Our Latest Research Report on TopBuild
TopBuild Price Performance
BLD traded up $0.94 during midday trading on Thursday, reaching $296.83. 103,951 shares of the company's stock were exchanged, compared to its average volume of 314,797. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The business has a 50-day simple moving average of $300.25 and a two-hundred day simple moving average of $335.05. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78.
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 the consensus estimate of $5.07 by $0.06. The business 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 firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.69 EPS. As a group, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.
About TopBuild
(
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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