Washington Capital Management Inc. Makes New $280,000 Investment in TopBuild Corp. (NYSE:BLD)

Washington Capital Management Inc. bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 900 shares of the construction company's stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the 3rd quarter worth about $31,000. Winch Advisory Services LLC acquired a new stake in TopBuild during the fourth quarter worth approximately $26,000. Versant Capital Management Inc grew its position in shares of TopBuild by 327.3% in the fourth 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 period. Quantbot Technologies LP purchased a new position in shares of TopBuild during the 3rd quarter worth about $45,000. Finally, Kennebec Savings Bank acquired a new position in TopBuild during the third quarter worth approximately $45,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLD. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and cut their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group cut their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. DA Davidson decreased their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Finally, Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $437.00.

TopBuild Price Performance

NYSE BLD traded up $10.06 on Thursday, hitting $351.06. 142,686 shares of the company were exchanged, compared to its average volume of 246,638. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a market cap of $10.36 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.08 and a beta of 1.84. TopBuild Corp. has a 1-year low of $302.70 and a 1-year high of $495.68. The firm has a 50 day moving average of $344.69 and a two-hundred day moving average of $376.64.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts' consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the previous year, the firm earned $5.43 earnings per share. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts predict that TopBuild Corp. will post 20.97 EPS 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.