TopBuild Corp. (NYSE:BLD) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC increased its holdings in TopBuild Corp. (NYSE:BLD) by 45.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,066 shares of the construction company’s stock after buying an additional 645 shares during the period. Truvestments Capital LLC’s holdings in TopBuild were worth $643,000 as of its most recent filing with the SEC.

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

TopBuild Stock Down 3.4 %

BLD stock opened at $298.06 on Wednesday. TopBuild Corp. has a 12-month low of $288.31 and a 12-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 company has a market cap of $8.71 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.82 and a beta of 1.89. The company has a 50 day moving average of $324.71 and a two-hundred day moving average of $355.77.

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 analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.69 EPS. On average, equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the topic of several recent research reports. 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. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Truist Financial decreased 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. Benchmark decreased their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Four equities research 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 has a consensus rating of “Moderate Buy” and an average 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.