Pictet Asset Management Holding SA Boosts Stock Holdings in TopBuild Corp. (NYSE:BLD)

Pictet Asset Management Holding SA lifted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 871,495 shares of the construction company's stock after purchasing an additional 40,916 shares during the quarter. Pictet Asset Management Holding SA owned about 2.95% of TopBuild worth $271,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new stake in TopBuild in the fourth quarter worth about $26,000. Versant Capital Management Inc raised its position in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC grew its position in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in TopBuild during the 3rd quarter valued at approximately $45,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLD has been the topic of several research reports. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. The Goldman Sachs Group cut 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. Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Loop Capital reduced their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $403.88.

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TopBuild Stock Performance

BLD stock traded up $0.18 during midday trading on Monday, hitting $305.81. 199,287 shares of the stock traded hands, compared to its average volume of 309,262. The stock's fifty day simple moving average is $319.92 and its 200-day simple moving average is $349.12. The firm has a market cap of $8.94 billion, a P/E ratio of 15.42, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 1-year low of $288.31 and a 1-year high of $495.68. 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 (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company posted $4.69 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

TopBuild 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.