Enhancing Capital LLC Makes New $677,000 Investment in TopBuild Corp. (NYSE:BLD)

Enhancing Capital LLC acquired a new position in TopBuild Corp. (NYSE:BLD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,173 shares of the construction company’s stock, valued at approximately $677,000.

A number of other large investors have also recently modified their holdings of the stock. Winch Advisory Services LLC purchased a new position in shares of TopBuild in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings 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 purchasing an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in TopBuild during the third quarter valued at $31,000. V Square Quantitative Management LLC grew its position in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of TopBuild in the 3rd quarter worth about $45,000. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BLD shares. Truist Financial cut their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Loop Capital reduced their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and lowered their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group cut their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Stock Up 0.7 %

BLD opened at $301.41 on Tuesday. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.82 and a beta of 1.89. The firm has a 50 day moving average price of $323.52 and a 200-day moving average price of $353.12. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68. 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 (NYSE:BLD) last released its quarterly earnings results 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 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 analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $4.69 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.