Everence Capital Management Inc. Invests $290,000 in TopBuild Corp. (NYSE:BLD)

Everence Capital Management Inc. purchased a new stake in TopBuild Corp. (NYSE:BLD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 930 shares of the construction company’s stock, valued at approximately $290,000.

A number of other large investors have also recently bought and sold shares of BLD. Commonwealth Equity Services LLC increased its stake in TopBuild by 21.8% in the second quarter. Commonwealth Equity Services LLC now owns 2,404 shares of the construction company’s stock valued at $926,000 after purchasing an additional 430 shares during the period. Arizona State Retirement System increased its position in TopBuild by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 8,906 shares of the construction company’s stock valued at $3,431,000 after acquiring an additional 174 shares during the period. Caprock Group LLC purchased a new stake in TopBuild during the 2nd quarter valued at approximately $594,000. Quest Partners LLC lifted its position in TopBuild by 107.1% during the 2nd quarter. Quest Partners LLC now owns 3,421 shares of the construction company’s stock worth $1,318,000 after acquiring an additional 1,769 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of TopBuild in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BLD has been the subject of several analyst reports. Evercore ISI cut 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 research note on Monday, December 16th. Jefferies Financial Group cut their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report 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 report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $439.38.

TopBuild Price Performance

BLD stock opened at $315.80 on Wednesday. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.31 and a beta of 1.84. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $351.43 and a 200-day moving average of $382.03. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $5.43 earnings per share. TopBuild’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that TopBuild Corp. will post 20.95 EPS 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.