Charles Schwab Investment Management Inc. lifted its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,588 shares of the construction company's stock after purchasing an additional 18,174 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.85% of TopBuild worth $78,329,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of BLD. Pitcairn Co. raised its holdings in shares of TopBuild by 178.2% in the third 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 increased its position in shares of TopBuild by 33.3% in the 4th 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 during the period. Icon Wealth Advisors LLC increased its position in shares of TopBuild by 704.6% in the 3rd 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 during the period. Van ECK Associates Corp raised its stake in TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after acquiring an additional 11,948 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after acquiring an additional 48,562 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.
TopBuild Price Performance
Shares of TopBuild stock traded up $4.27 on Friday, hitting $299.45. The company's stock had a trading volume of 465,049 shares, compared to its average volume of 301,778. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The firm has a fifty day moving average price of $324.23 and a 200-day moving average price of $354.98. 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 Corp. has a 1 year low of $288.31 and a 1 year high of $495.68.
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. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on BLD. Truist Financial cut their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Benchmark reduced their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, Loop Capital decreased their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $411.78.
Check Out Our Latest Report on BLD
About TopBuild
(
Free Report)
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.
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