Victory Capital Management Inc. Increases Stock Holdings in TopBuild Corp. (NYSE:BLD)

Victory Capital Management Inc. boosted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 116.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,567 shares of the construction company's stock after purchasing an additional 50,959 shares during the quarter. Victory Capital Management Inc. owned approximately 0.32% of TopBuild worth $29,442,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BLD. Charles Schwab Investment Management Inc. lifted its position in shares of TopBuild by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock valued at $78,329,000 after buying an additional 18,174 shares in the last quarter. US Bancorp DE raised its position in TopBuild by 7.8% during the fourth quarter. US Bancorp DE now owns 7,971 shares of the construction company's stock worth $2,482,000 after acquiring an additional 578 shares during the period. Versor Investments LP purchased a new position in TopBuild during the fourth quarter valued at $328,000. Proficio Capital Partners LLC acquired a new stake in shares of TopBuild in the fourth quarter valued at about $5,913,000. Finally, IFP Advisors Inc increased its stake in shares of TopBuild by 8.8% during the fourth quarter. IFP Advisors Inc now owns 1,015 shares of the construction company's stock worth $316,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Trading Up 1.4 %

NYSE:BLD traded up $4.27 on Friday, reaching $299.45. The company's stock had a trading volume of 465,049 shares, compared to its average volume of 301,778. TopBuild Corp. has a 12-month low of $288.31 and a 12-month high of $495.68. The stock has a 50 day moving average price of $324.23 and a 200 day moving average price of $354.98. The firm has a market cap 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 company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

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TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.69 EPS. On average, equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research reports. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and dropped their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $411.78.

About TopBuild

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.