Secure Asset Management LLC Makes New Investment in TopBuild Corp. (NYSE:BLD)

Secure Asset Management LLC bought a new position 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 Securities & Exchange Commission. The firm bought 2,667 shares of the construction company's stock, valued at approximately $830,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BLD. FMR LLC lifted its holdings in shares of TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after purchasing an additional 161,743 shares in the last quarter. State Street Corp boosted its holdings in TopBuild by 3.2% during the third quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock worth $455,639,000 after purchasing an additional 34,911 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock worth $255,526,000 after buying an additional 12,909 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in TopBuild during the third quarter worth $114,220,000. Finally, Charles Schwab Investment Management Inc. boosted its position in TopBuild by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company's stock worth $94,955,000 after purchasing an additional 5,982 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BLD. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. DA Davidson reduced their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their price target 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. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Finally, Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Three equities 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $437.00.

TopBuild Price Performance

NYSE:BLD traded down $2.00 during trading hours on Friday, hitting $352.82. The stock had a trading volume of 218,359 shares, compared to its average volume of 207,994. The company has a 50 day simple moving average of $345.03 and a two-hundred day simple moving average of $378.10. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.08 and a beta of 1.84. 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 Corp. has a one year low of $302.70 and a one year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates 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 quarter last year, the company earned $5.43 earnings per share. Research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.