Xponance Inc. Buys 164 Shares of TopBuild Corp. (NYSE:BLD)

Xponance Inc. increased its stake in TopBuild Corp. (NYSE:BLD) by 4.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,707 shares of the construction company’s stock after buying an additional 164 shares during the period. Xponance Inc.’s holdings in TopBuild were worth $1,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares during the last quarter. State Street Corp grew its position 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. Geode Capital Management LLC increased its stake in TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after purchasing an additional 12,909 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in TopBuild by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock worth $91,076,000 after buying an additional 11,762 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of TopBuild by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company’s stock worth $78,329,000 after buying an additional 18,174 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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. Loop Capital decreased their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group dropped their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Truist Financial dropped their price target 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and an average price target of $403.88.

TopBuild Price Performance

NYSE BLD opened at $298.57 on Monday. The company has a 50-day moving average price of $322.42 and a 200-day moving average price of $350.90. TopBuild Corp. has a 52 week low of $288.31 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 firm has a market capitalization of $8.73 billion, a P/E ratio of 15.06, a PEG ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.69 earnings per share. Equities research analysts anticipate 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.