Proficio Capital Partners LLC Acquires New Stake in TopBuild Corp. (NYSE:BLD)

Proficio Capital Partners LLC bought a new position in TopBuild Corp. (NYSE:BLD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 18,992 shares of the construction company’s stock, valued at approximately $5,913,000. Proficio Capital Partners LLC owned about 0.06% of TopBuild as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Pitcairn Co. lifted its holdings in shares of TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after acquiring an additional 1,422 shares during the last quarter. TT International Asset Management LTD raised its position in TopBuild by 33.3% during the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after purchasing an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in TopBuild by 704.6% during the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after purchasing an additional 2,008 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock worth $10,160,000 after purchasing an additional 11,948 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after purchasing an additional 48,562 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

BLD has been the topic of several research reports. Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Truist Financial decreased their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Loop Capital decreased their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Stock Performance

Shares of NYSE BLD opened at $299.45 on Monday. The stock has a market cap of $8.75 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68. The firm has a fifty day moving average price of $323.89 and a 200-day moving average price of $353.75. 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 posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm earned $4.69 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.