Argent Capital Management LLC Purchases 1,161 Shares of TopBuild Corp. (NYSE:BLD)

Argent Capital Management LLC lifted its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 9.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,076 shares of the construction company's stock after purchasing an additional 1,161 shares during the quarter. Argent Capital Management LLC's holdings in TopBuild were worth $4,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild during the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc boosted its position in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after buying an additional 72 shares during the period. Quantbot Technologies LP acquired a new stake in TopBuild during the 3rd quarter worth approximately $45,000. Kennebec Savings Bank acquired a new stake in TopBuild during the 3rd quarter worth approximately $45,000. Finally, UMB Bank n.a. boosted its position in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after buying an additional 62 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BLD shares. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and cut their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. The Goldman Sachs Group cut their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday. DA Davidson dropped their price target on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $437.00.

TopBuild Trading Up 0.4 %

Shares of NYSE:BLD traded up $1.42 during mid-day trading on Thursday, hitting $345.14. The company had a trading volume of 208,877 shares, compared to its average volume of 260,133. The firm has a fifty day moving average price of $346.81 and a 200 day moving average price of $379.53. The company has a market capitalization of $10.18 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.84 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 announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.43 EPS. As a group, research analysts forecast that TopBuild Corp. will post 20.95 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.