Anchor Investment Management LLC Increases Position in TopBuild Corp. (NYSE:BLD)

Anchor Investment Management LLC grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,037 shares of the construction company’s stock after buying an additional 149 shares during the quarter. Anchor Investment Management LLC’s holdings in TopBuild were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLD. Sheaff Brock Investment Advisors LLC grew its stake in TopBuild by 0.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock worth $1,681,000 after acquiring an additional 40 shares in the last quarter. V Square Quantitative Management LLC grew its stake in TopBuild by 55.3% in the fourth 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 in the last quarter. CIBC Asset Management Inc increased its holdings in TopBuild by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock worth $301,000 after purchasing an additional 48 shares during the period. Trust Co. of Vermont raised its position in TopBuild by 21.8% during the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock valued at $96,000 after purchasing an additional 55 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock worth $137,000 after buying an additional 67 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial cut their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Loop Capital dropped their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Benchmark cut their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, The Goldman Sachs Group lowered their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Price Performance

NYSE BLD opened at $279.23 on Thursday. The firm’s fifty day simple moving average is $304.26 and its two-hundred day simple moving average is $338.97. The firm has a market capitalization of $8.17 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.82 and a beta of 1.78. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $4.69 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.