GSA Capital Partners LLP Takes Position in TopBuild Corp. (NYSE:BLD)

GSA Capital Partners LLP acquired a new stake in TopBuild Corp. (NYSE:BLD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 922 shares of the construction company’s stock, valued at approximately $375,000.

Several other hedge funds also recently modified their holdings of BLD. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild in the second quarter valued at approximately $30,000. Kennebec Savings Bank acquired a new position in shares of TopBuild in the third quarter valued at $45,000. UMB Bank n.a. raised its stake in shares of TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares in the last quarter. Blue Trust Inc. raised its stake in shares of TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after purchasing an additional 63 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after purchasing an additional 31 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group cut their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Stephens cut their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Evercore ISI cut their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, DA Davidson cut their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Price Performance

TopBuild stock opened at $361.14 on Friday. The business’s 50-day simple moving average is $382.61 and its 200 day simple moving average is $396.37. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.20 and a beta of 1.79. TopBuild Corp. has a 12-month low of $291.98 and a 12-month high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $5.43 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts anticipate that TopBuild Corp. will post 21 earnings per share for the current year.

TopBuild Company 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.