IFP Advisors Inc Boosts Stake in TopBuild Corp. (NYSE:BLD)

IFP Advisors Inc lifted its holdings in TopBuild Corp. (NYSE:BLD) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,015 shares of the construction company’s stock after buying an additional 82 shares during the quarter. IFP Advisors Inc’s holdings in TopBuild were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BLD. State of Alaska Department of Revenue boosted its position in TopBuild by 1.5% during the third quarter. State of Alaska Department of Revenue now owns 3,486 shares of the construction company’s stock worth $1,418,000 after purchasing an additional 50 shares in the last quarter. abrdn plc boosted its position in TopBuild by 0.4% during the third quarter. abrdn plc now owns 33,612 shares of the construction company’s stock worth $13,674,000 after purchasing an additional 129 shares in the last quarter. US Bancorp DE boosted its position in TopBuild by 539.0% during the third quarter. US Bancorp DE now owns 7,393 shares of the construction company’s stock worth $3,008,000 after purchasing an additional 6,236 shares in the last quarter. Farther Finance Advisors LLC boosted its position in TopBuild by 107.1% during the third quarter. Farther Finance Advisors LLC now owns 468 shares of the construction company’s stock worth $190,000 after purchasing an additional 242 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in TopBuild by 37.9% during the third quarter. Janney Montgomery Scott LLC now owns 3,974 shares of the construction company’s stock worth $1,617,000 after purchasing an additional 1,092 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research analyst reports. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group reduced 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. Truist Financial reduced their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Four 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 stock currently has an average rating of “Moderate Buy” and an average target price of $422.33.

TopBuild Stock Performance

TopBuild stock opened at $306.44 on Friday. The firm has a market capitalization of $9.04 billion, a P/E ratio of 15.46, a PEG ratio of 1.82 and a beta of 1.85. The stock has a fifty day moving average price of $326.00 and a 200 day moving average price of $359.90. TopBuild Corp. has a 52 week low of $295.19 and a 52 week 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.

TopBuild (NYSE:BLD) last released its 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 analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.69 earnings per share. Equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current 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.