14,335 Shares in TopBuild Corp. (NYSE:BLD) Bought by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,335 shares of the construction company's stock, valued at approximately $54,000.

A number of other hedge funds also recently made changes to their positions in the business. Pitcairn Co. grew its stake in TopBuild by 178.2% in the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock valued at $903,000 after buying an additional 1,422 shares during the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of TopBuild by 704.6% during the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock worth $933,000 after acquiring an additional 2,008 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after purchasing an additional 48,562 shares during the last quarter. Bank of Montreal Can increased its stake in shares of TopBuild by 72.0% during the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock worth $4,600,000 after purchasing an additional 4,703 shares during the period. Finally, Fortem Financial Group LLC lifted its holdings in TopBuild by 450.8% during the 3rd quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company's stock worth $2,129,000 after purchasing an additional 4,283 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of NYSE BLD traded up $1.32 during trading hours on Friday, hitting $310.28. 919,743 shares of the stock were exchanged, compared to its average volume of 292,853. The company's fifty day simple moving average is $370.61 and its two-hundred day simple moving average is $390.84. The company has a market cap of $9.15 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. 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 $305.79 and a 1-year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm earned $5.43 earnings per share. The business's quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts predict that TopBuild Corp. will post 20.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BLD. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Jefferies Financial Group decreased their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their price objective for the stock from $443.00 to $381.00 in a research note on Monday. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild has an average rating of "Moderate Buy" and an average target price of $439.38.

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.