TopBuild Corp. (NYSE:BLD) Shares Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of TopBuild Corp. (NYSE:BLD) by 63.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,601 shares of the construction company’s stock after acquiring an additional 24,388 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in TopBuild were worth $19,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC purchased a new position in TopBuild in the fourth quarter worth approximately $26,000. Versant Capital Management Inc grew its holdings in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the 3rd quarter worth about $31,000. Kennebec Savings Bank purchased a new stake in TopBuild in the 3rd quarter valued at about $45,000. Finally, Quantbot Technologies LP purchased a new position in TopBuild during the third quarter worth about $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Up 3.3 %

Shares of TopBuild stock opened at $344.10 on Thursday. The firm has a market cap of $10.15 billion, a PE ratio of 17.36, a P/E/G ratio of 1.84 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 Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68. The business’s fifty day moving average is $346.81 and its two-hundred day moving average is $379.53.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm 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 company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.43 EPS. Analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BLD shares. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. DA Davidson cut their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

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.