Argent Capital Management LLC Has $4.07 Million Position in TopBuild Corp. (NYSE:BLD)

Argent Capital Management LLC increased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,076 shares of the construction company’s stock after buying an additional 1,161 shares during the period. Argent Capital Management LLC’s holdings in TopBuild were worth $4,071,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BLD. FMR LLC boosted its stake in shares of TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares during the last quarter. State Street Corp raised its stake in shares of TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after purchasing an additional 34,911 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after purchasing an additional 12,909 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TopBuild in the third quarter worth approximately $114,220,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of TopBuild by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock valued at $94,955,000 after acquiring an additional 5,982 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BLD shares. The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group cut 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, DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $437.00.

TopBuild Trading Up 3.3 %

Shares of TopBuild stock opened at $344.10 on Thursday. The business has a 50-day moving average price of $346.81 and a 200-day moving average price of $379.53. TopBuild Corp. has a twelve month low of $302.70 and a twelve month high of $495.68. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.31 and a beta of 1.84. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The business 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%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $5.43 earnings per share. Equities research analysts anticipate 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.