Edgestream Partners L.P. Has $634,000 Stock Position in TopBuild Corp. (NYSE:BLD)

Edgestream Partners L.P. decreased its position in TopBuild Corp. (NYSE:BLD - Free Report) by 85.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,037 shares of the construction company's stock after selling 12,160 shares during the period. Edgestream Partners L.P.'s holdings in TopBuild were worth $634,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after buying an additional 161,743 shares during 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 buying an additional 34,911 shares during the last quarter. Geode Capital Management LLC boosted its holdings in TopBuild by 2.1% during the third 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. boosted its holdings in TopBuild by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock worth $91,076,000 after buying an additional 11,762 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in TopBuild by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock worth $78,329,000 after buying an additional 18,174 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have issued reports on BLD shares. Benchmark reduced their target price 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 dropped their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $403.88.

TopBuild Stock Up 1.4 %

TopBuild stock traded up $4.27 during midday trading on Friday, reaching $299.45. The stock had a trading volume of 465,049 shares, compared to its average volume of 300,094. The firm's fifty day simple moving average is $323.89 and its 200-day simple moving average is $354.01. 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 $8.75 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $4.69 EPS. TopBuild's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.