River Global Investors LLP Grows Position in TopBuild Corp. (NYSE:BLD)

River Global Investors LLP increased its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,510 shares of the construction company's stock after purchasing an additional 1,580 shares during the quarter. River Global Investors LLP's holdings in TopBuild were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Pitcairn Co. grew its position in shares of TopBuild by 178.2% in the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after buying an additional 1,422 shares during the last quarter. TT International Asset Management LTD boosted its holdings in TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock valued at $5,847,000 after acquiring an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after acquiring an additional 2,008 shares in the last quarter. Van ECK Associates Corp increased its position in TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock valued at $10,160,000 after purchasing an additional 11,948 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in TopBuild by 37.3% in the 3rd 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

BLD has been the topic of a number of research reports. Benchmark cut their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and decreased their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Truist Financial dropped 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. Finally, Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and a consensus price target of $411.78.

TopBuild Stock Up 1.8 %

NYSE:BLD traded up $5.36 during trading hours on Wednesday, reaching $302.68. 397,098 shares of the company traded hands, compared to its average volume of 299,526. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68. The stock has a market capitalization of $8.85 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.82 and a beta of 1.89. The business's 50-day moving average price is $324.71 and its two-hundred day moving average price is $355.77. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the business posted $4.69 EPS. TopBuild's revenue was up 2.0% compared to the same quarter last year. Analysts predict 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.