Taikang Asset Management Hong Kong Co Ltd Has $4.94 Million Stake in TopBuild Corp. (NYSE:BLD)

Taikang Asset Management Hong Kong Co Ltd increased its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 44.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,870 shares of the construction company's stock after buying an additional 4,870 shares during the period. Taikang Asset Management Hong Kong Co Ltd owned about 0.05% of TopBuild worth $4,941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathstone Holdings LLC increased its holdings in shares of TopBuild by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company's stock valued at $1,712,000 after purchasing an additional 41 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in TopBuild in the third quarter worth $303,000. PNC Financial Services Group Inc. lifted its position in shares of TopBuild by 9.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,440 shares of the construction company's stock worth $2,213,000 after buying an additional 457 shares during the period. Commerce Bank boosted its position in TopBuild by 6.5% in the third quarter. Commerce Bank now owns 1,046 shares of the construction company's stock valued at $426,000 after buying an additional 64 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after purchasing an additional 48,562 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Loop Capital dropped their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, TopBuild presently has a consensus rating of "Moderate Buy" and an average target price of $403.88.

TopBuild Stock Performance

Shares of BLD stock traded down $5.06 during trading on Friday, reaching $305.95. 369,054 shares of the company's stock were exchanged, compared to its average volume of 309,553. The firm's fifty day moving average price is $319.92 and its 200-day moving average price is $349.23. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68. The stock has a market capitalization of $8.95 billion, a PE ratio of 15.44, a PEG ratio of 1.82 and a beta of 1.89. 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 results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.69 EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

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.