Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,195 Shares of TopBuild Corp. (NYSE:BLD)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,980 shares of the construction company's stock after acquiring an additional 1,195 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in TopBuild were worth $3,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winch Advisory Services LLC acquired a new position in shares of TopBuild during the fourth quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after purchasing an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in TopBuild during the 3rd quarter valued at about $31,000. V Square Quantitative Management LLC boosted its stake in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $45,000. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Evercore ISI downgraded 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 research note on Monday, December 16th. Benchmark decreased their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $403.88.

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TopBuild Stock Up 2.0 %

Shares of NYSE BLD traded up $6.13 during mid-day trading on Wednesday, reaching $306.48. 177,885 shares of the company's stock were exchanged, compared to its average volume of 322,592. 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 firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.82 and a beta of 1.89. The business has a fifty day simple moving average of $323.22 and a 200 day simple moving average of $352.47. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68.

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, topping the consensus estimate of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.69 earnings per share. As a group, equities analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.