TopBuild Corp. (NYSE:BLD) Stock Position Raised by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in TopBuild Corp. (NYSE:BLD) by 29.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,884 shares of the construction company’s stock after buying an additional 663 shares during the quarter. HighTower Advisors LLC’s holdings in TopBuild were worth $898,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new position in TopBuild during the fourth quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild in the 3rd quarter valued at approximately $31,000. V Square Quantitative Management LLC lifted its holdings in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in TopBuild during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BLD. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. The Goldman Sachs Group lowered their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. 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 target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Stock Down 0.2 %

Shares of BLD opened at $311.34 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a 50-day simple moving average of $320.73 and a 200-day simple moving average of $349.70. TopBuild Corp. has a 52 week low of $288.31 and a 52 week high of $495.68. The firm has a market capitalization of $9.11 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the firm posted $4.69 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

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.