TopBuild Corp. (NYSE:BLD) Shares Bought by Greenleaf Trust

Greenleaf Trust raised its holdings in TopBuild Corp. (NYSE:BLD) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,133 shares of the construction company’s stock after purchasing an additional 45 shares during the period. Greenleaf Trust’s holdings in TopBuild were worth $424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. purchased a new stake in TopBuild in the fourth quarter valued at $221,000. Federated Hermes Inc. raised its position in TopBuild by 103.9% in the third quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock valued at $2,223,000 after purchasing an additional 4,503 shares during the period. Pacer Advisors Inc. raised its position in TopBuild by 74.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company’s stock valued at $2,349,000 after purchasing an additional 2,677 shares during the period. Nordea Investment Management AB purchased a new stake in TopBuild in the fourth quarter valued at $222,000. Finally, Raymond James & Associates raised its holdings in shares of TopBuild by 15.3% in the 4th quarter. Raymond James & Associates now owns 21,019 shares of the construction company’s stock valued at $7,867,000 after buying an additional 2,794 shares during the period. 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 analyst reports. DA Davidson initiated coverage on TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price objective on the stock. Loop Capital upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Stephens reiterated an “equal weight” rating and issued a $425.00 price objective on shares of TopBuild in a report on Tuesday. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Finally, The Goldman Sachs Group upped their price target on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $418.90.

TopBuild Price Performance

Shares of NYSE BLD opened at $395.13 on Wednesday. The stock’s 50-day moving average is $412.61 and its two-hundred day moving average is $352.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. TopBuild Corp. has a 1-year low of $199.31 and a 1-year high of $452.87. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.09. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.40 EPS. Analysts forecast that TopBuild Corp. will post 21.01 EPS for the current fiscal year.

TopBuild 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.