Park Avenue Securities LLC Has $333,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

Park Avenue Securities LLC grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,070 shares of the construction company’s stock after buying an additional 199 shares during the quarter. Park Avenue Securities LLC’s holdings in TopBuild were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its holdings in TopBuild by 203.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 17,538 shares of the construction company’s stock worth $5,460,000 after purchasing an additional 11,760 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of TopBuild during the fourth quarter valued at approximately $475,000. TT International Asset Management LTD raised its position in TopBuild by 33.3% in the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after buying an additional 4,694 shares during the last quarter. Nordea Investment Management AB lifted its stake in TopBuild by 4.1% during the 4th quarter. Nordea Investment Management AB now owns 34,506 shares of the construction company’s stock valued at $10,707,000 after acquiring an additional 1,352 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in TopBuild by 43.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 432 shares of the construction company’s stock worth $134,000 after acquiring an additional 130 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BLD. The Goldman Sachs Group cut their target price on 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 reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and six 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 a consensus price target of $437.00.

TopBuild Trading Down 0.6 %

NYSE:BLD opened at $352.82 on Friday. TopBuild Corp. has a 1 year low of $302.70 and a 1 year high of $495.68. The stock’s fifty day moving average price is $345.03 and its two-hundred day moving average price is $378.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market cap of $10.41 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.08 and a beta of 1.84.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $5.43 earnings per share. As a group, analysts expect that TopBuild Corp. will post 20.97 EPS 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.