Assetmark Inc. Increases Stock Holdings in TopBuild Corp. (NYSE:BLD)

Assetmark Inc. boosted its position in shares of TopBuild Corp. (NYSE:BLDGet Rating) by 40.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 911 shares of the construction company’s stock after acquiring an additional 261 shares during the period. Assetmark Inc.’s holdings in TopBuild were worth $150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in TopBuild by 394.4% in the second quarter. First Horizon Advisors Inc. now owns 178 shares of the construction company’s stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of TopBuild during the 3rd quarter worth $29,000. Venture Visionary Partners LLC purchased a new position in TopBuild in the second quarter worth $30,000. Trust Co. of Vermont bought a new position in TopBuild in the second quarter valued at $41,000. Finally, Covestor Ltd raised its position in TopBuild by 118.0% during the first quarter. Covestor Ltd now owns 279 shares of the construction company’s stock valued at $51,000 after purchasing an additional 151 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

TopBuild Stock Performance

TopBuild stock opened at $187.37 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78. The firm has a market cap of $5.99 billion, a P/E ratio of 12.48 and a beta of 1.42. TopBuild Corp. has a 1-year low of $140.66 and a 1-year high of $243.30. The firm has a 50-day moving average of $160.66 and a 200-day moving average of $172.06.

TopBuild (NYSE:BLDGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The construction company reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.09 by $0.71. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. TopBuild had a return on equity of 29.99% and a net margin of 10.20%. Sell-side analysts expect that TopBuild Corp. will post 16.75 EPS for the current year.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Wednesday, January 11th. Stephens lowered their price objective on shares of TopBuild from $184.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, November 2nd. Deutsche Bank Aktiengesellschaft raised shares of TopBuild from a “hold” rating to a “buy” rating and upped their price objective for the company from $201.00 to $227.00 in a research note on Tuesday, January 10th. Finally, Credit Suisse Group decreased their target price on shares of TopBuild to $224.00 in a research report on Thursday, October 20th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $228.50.

About TopBuild

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TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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