Kennedy Capital Management LLC Acquires 1,063 Shares of TopBuild Corp. (NYSE:BLD)

Kennedy Capital Management LLC grew its holdings in TopBuild Corp. (NYSE:BLD) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,944 shares of the construction company’s stock after purchasing an additional 1,063 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.14% of TopBuild worth $12,747,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new stake in TopBuild in the fourth quarter worth approximately $26,000. Versant Capital Management Inc grew its position in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the third quarter worth about $31,000. V Square Quantitative Management LLC raised its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in TopBuild in the 3rd quarter valued at about $54,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of TopBuild stock opened at $297.13 on Thursday. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. 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 company has a market capitalization of $8.69 billion, a PE ratio of 14.99, a PEG ratio of 1.82 and a beta of 1.78. The stock’s fifty day simple moving average is $308.91 and its 200 day simple moving average is $342.58.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $4.69 EPS. On average, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BLD. Truist Financial reduced their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target on the stock. The Goldman Sachs Group dropped their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Loop Capital cut their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus target price of $398.56.

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.