Proficio Capital Partners LLC Makes New Investment in TopBuild Corp. (NYSE:BLD)

Proficio Capital Partners LLC purchased a new stake in TopBuild Corp. (NYSE:BLD) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 18,992 shares of the construction company’s stock, valued at approximately $5,913,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its position in TopBuild by 1.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,486 shares of the construction company’s stock valued at $1,418,000 after purchasing an additional 50 shares during the period. US Bancorp DE boosted its stake in shares of TopBuild by 539.0% in the 3rd quarter. US Bancorp DE now owns 7,393 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 6,236 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of 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 buying an additional 242 shares during the period. Janney Montgomery Scott LLC raised its stake 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 buying an additional 1,092 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in TopBuild by 40.0% in the third quarter. Van ECK Associates Corp now owns 20,685 shares of the construction company’s stock valued at $7,671,000 after buying an additional 5,910 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $296.24 on Tuesday. The stock’s 50 day moving average is $325.69 and its 200-day moving average is $359.25. TopBuild Corp. has a twelve month low of $293.88 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. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.82 and a beta of 1.85.

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

Analysts Set New Price Targets

BLD has been the subject of a number of recent analyst reports. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, Benchmark dropped their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $411.78.

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.