Versant Capital Management Inc Grows Holdings in TopBuild Corp. (NYSE:BLD)

Versant Capital Management Inc lifted its stake in TopBuild Corp. (NYSE:BLD) by 327.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94 shares of the construction company’s stock after acquiring an additional 72 shares during the quarter. Versant Capital Management Inc’s holdings in TopBuild were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Pitcairn Co. lifted its stake in TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after purchasing an additional 1,422 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after acquiring an additional 2,008 shares during the period. Massachusetts Financial Services Co. MA grew its position in TopBuild by 37.3% in 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 acquiring an additional 48,562 shares in the last quarter. Bank of Montreal Can increased its stake in TopBuild by 72.0% during the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after purchasing an additional 4,703 shares during the period. Finally, Fortem Financial Group LLC lifted its position in shares of TopBuild by 450.8% during the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock worth $2,129,000 after purchasing an additional 4,283 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research reports. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lowered 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. Finally, Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Price Performance

Shares of NYSE BLD opened at $315.80 on Wednesday. The stock’s 50-day simple moving average is $351.43 and its 200-day simple moving average is $382.03. 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 firm has a market capitalization of $9.32 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.84. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company earned $5.43 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that TopBuild Corp. will post 20.95 EPS for the current fiscal 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.