Xponance Inc. Purchases 46 Shares of TopBuild Corp. (NYSE:BLD)

Xponance Inc. increased its position in shares of TopBuild Corp. (NYSE:BLD) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 4,027 shares of the construction company’s stock after acquiring an additional 46 shares during the quarter. Xponance Inc.’s holdings in TopBuild were worth $1,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Flputnam Investment Management Co. lifted its position in TopBuild by 37.1% during the fourth quarter. Flputnam Investment Management Co. now owns 1,970 shares of the construction company’s stock worth $737,000 after purchasing an additional 533 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in shares of TopBuild in the fourth quarter valued at approximately $221,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of TopBuild in the fourth quarter valued at approximately $128,000. Louisiana State Employees Retirement System acquired a new stake in TopBuild during the 4th quarter valued at approximately $3,331,000. Finally, Simplicity Solutions LLC acquired a new stake in TopBuild during the 4th quarter valued at approximately $273,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of BLD opened at $395.13 on Wednesday. TopBuild Corp. has a 12-month low of $199.31 and a 12-month high of $452.87. The business’s fifty day moving average is $412.61 and its 200 day moving average is $352.11. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The stock has a market cap of $12.57 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating the consensus estimate of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $4.40 EPS. The business’s revenue was up 1.7% on a year-over-year basis. Sell-side analysts anticipate that TopBuild Corp. will post 21.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Bank of America increased their target price on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Stephens reaffirmed an “equal weight” rating and set a $425.00 price objective on shares of TopBuild in a research report on Tuesday. Finally, DA Davidson assumed coverage on shares of TopBuild in a research report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $418.90.

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.