Sheets Smith Wealth Management increased its holdings in shares of TopBuild Corp (NYSE:BLD) by 99.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,737 shares of the construction company’s stock after buying an additional 4,857 shares during the period. Sheets Smith Wealth Management’s holdings in TopBuild were worth $737,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of BLD. Schwab Charles Investment Management Inc. boosted its position in TopBuild by 11.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,146 shares of the construction company’s stock worth $9,508,000 after buying an additional 19,007 shares during the period. Legal & General Group Plc boosted its position in TopBuild by 5.9% during the 2nd quarter. Legal & General Group Plc now owns 71,805 shares of the construction company’s stock worth $3,811,000 after buying an additional 4,019 shares during the period. Victory Capital Management Inc. boosted its position in TopBuild by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock worth $210,000 after buying an additional 596 shares during the period. Prudential Financial Inc. boosted its position in TopBuild by 92.9% during the 2nd quarter. Prudential Financial Inc. now owns 133,795 shares of the construction company’s stock worth $7,101,000 after buying an additional 64,450 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in TopBuild during the 2nd quarter worth approximately $121,000. Institutional investors and hedge funds own 94.87% of the company’s stock.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday. SunTrust Banks reiterated a “buy” rating and set a $75.00 target price on shares of TopBuild in a research report on Wednesday, October 4th. Jefferies Group assumed coverage on shares of TopBuild in a research report on Tuesday, December 12th. They set a “buy” rating and a $79.00 target price on the stock. ValuEngine downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Nomura lifted their target price on shares of TopBuild from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $68.29.
TopBuild Corp (NYSE:BLD) opened at $76.89 on Friday. The stock has a market cap of $2,723.60, a P/E ratio of 30.02 and a beta of 0.61. TopBuild Corp has a 1 year low of $36.09 and a 1 year high of $77.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02.
TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The firm had revenue of $489.04 million for the quarter, compared to the consensus estimate of $491.43 million. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. equities research analysts forecast that TopBuild Corp will post 2.75 earnings per share for the current fiscal year.
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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