TopBuild Corp. (NYSE:BLD) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in shares of TopBuild Corp. (NYSE:BLD) by 124.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,279 shares of the construction company’s stock after purchasing an additional 1,265 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in TopBuild were worth $710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLD. Vaughan Nelson Investment Management L.P. acquired a new position in TopBuild during the third quarter worth $114,220,000. FMR LLC raised its holdings in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after purchasing an additional 161,743 shares during the last quarter. Jennison Associates LLC raised its holdings in TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after purchasing an additional 110,143 shares during the last quarter. Natixis Advisors LLC acquired a new position in TopBuild during the third quarter worth $41,981,000. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of TopBuild in the fourth quarter worth $23,906,000. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of NYSE:BLD opened at $306.44 on Friday. The business has a fifty day simple moving average of $326.00 and a 200-day simple moving average of $360.03. TopBuild Corp. has a 52 week low of $295.19 and a 52 week 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 $9.04 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.82 and a beta of 1.85.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned $4.69 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BLD. DA Davidson cut their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Loop Capital cut their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $422.33.

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.