HighTower Advisors LLC Acquires 663 Shares of TopBuild Corp. (NYSE:BLD)

HighTower Advisors LLC boosted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 29.9% in the fourth quarter, Holdings Channel reports. The firm owned 2,884 shares of the construction company’s stock after purchasing an additional 663 shares during the quarter. HighTower Advisors LLC’s holdings in TopBuild were worth $898,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after buying an additional 161,743 shares during the period. E. Ohman J or Asset Management AB bought a new stake in shares of TopBuild in the 4th quarter worth about $23,906,000. Victory Capital Management Inc. increased its position in shares of TopBuild by 116.9% during the 4th quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock worth $29,442,000 after purchasing an additional 50,959 shares in the last quarter. State Street Corp lifted its holdings in TopBuild by 3.2% during the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after purchasing an additional 34,911 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. boosted its position in TopBuild by 63.8% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 62,601 shares of the construction company’s stock valued at $19,490,000 after buying an additional 24,388 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

TopBuild stock opened at $311.34 on Friday. The company has a market cap of $9.11 billion, a PE ratio of 15.71, a PEG ratio of 1.82 and a beta of 1.89. 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 1 year low of $288.31 and a 1 year high of $495.68. The company’s 50-day moving average is $320.73 and its two-hundred day moving average is $349.70.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $4.69 earnings per share. TopBuild’s revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group decreased their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

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.