Burney Co. purchased a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 800 shares of the construction company's stock, valued at approximately $249,000.
A number of other institutional investors have also modified their holdings of the business. Versant Capital Management Inc increased its holdings in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in TopBuild during the third quarter worth $31,000. Kennebec Savings Bank acquired a new stake in shares of TopBuild during the 3rd quarter valued at approximately $45,000. Quantbot Technologies LP purchased a new position in TopBuild in the 3rd quarter valued at approximately $45,000. Finally, UMB Bank n.a. boosted its position in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after purchasing an additional 62 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE BLD opened at $346.72 on Friday. TopBuild Corp. has a 1 year low of $302.70 and a 1 year high of $495.68. 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 stock has a fifty day moving average price of $345.83 and a two-hundred day moving average price of $379.10. The firm has a market cap of $10.23 billion, a P/E ratio of 17.49, a PEG ratio of 1.84 and a beta of 1.84.
TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly 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 the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $5.43 EPS. Research analysts forecast that TopBuild Corp. will post 20.95 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. 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. Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and lowered their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. The Goldman Sachs Group reduced their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $437.00.
Check Out Our Latest Report on 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.
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