Janney Montgomery Scott LLC Has $1.28 Million Position in TopBuild Corp. (NYSE:BLD)

Janney Montgomery Scott LLC raised its stake in shares of TopBuild Corp. (NYSE:BLD) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,117 shares of the construction company’s stock after purchasing an additional 143 shares during the period. Janney Montgomery Scott LLC’s holdings in TopBuild were worth $1,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BLD. Winch Advisory Services LLC acquired a new position in TopBuild during the 4th quarter valued at $26,000. Versant Capital Management Inc raised its position in shares of TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after buying an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of TopBuild during the third quarter valued at about $31,000. Kennebec Savings Bank bought a new position in TopBuild during the third quarter valued at about $45,000. Finally, Quantbot Technologies LP acquired a new position in TopBuild in the 3rd quarter valued at approximately $45,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Up 1.3 %

Shares of BLD opened at $333.01 on Wednesday. The business’s 50 day simple moving average is $341.24 and its 200-day simple moving average is $373.05. TopBuild Corp. has a one year low of $302.70 and a one year high of $495.68. The company has a market capitalization of $9.82 billion, a P/E ratio of 16.80, a PEG ratio of 2.05 and a beta of 1.85. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BLD. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. The Goldman Sachs Group dropped their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, DA Davidson lowered their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $437.00.

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.