Bleakley Financial Group LLC Takes $277,000 Position in TopBuild Corp. (NYSE:BLD)

Bleakley Financial Group LLC purchased a new stake in TopBuild Corp. (NYSE:BLD) in the 4th quarter, Holdings Channel.com reports. The firm purchased 739 shares of the construction company’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of TopBuild in the 4th quarter valued at about $28,000. BluePath Capital Management LLC acquired a new position in TopBuild during the 3rd quarter valued at about $30,000. Farther Finance Advisors LLC boosted its stake in TopBuild by 107.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 116 shares of the construction company’s stock valued at $31,000 after purchasing an additional 60 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in TopBuild by 37.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock valued at $40,000 after purchasing an additional 43 shares during the period. Finally, Headlands Technologies LLC acquired a new position in TopBuild during the 3rd quarter valued at about $44,000. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Down 1.7 %

NYSE BLD opened at $411.04 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The company’s 50 day simple moving average is $412.12 and its 200 day simple moving average is $345.92. TopBuild Corp. has a 12 month low of $198.82 and a 12 month high of $452.87. The company has a market capitalization of $13.08 billion, a P/E ratio of 21.26, a PEG ratio of 2.28 and a beta of 1.66.

TopBuild (NYSE:BLD) last released its earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $4.40 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 21.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore ISI boosted their target price on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Truist Financial lowered shares of TopBuild from a “buy” rating to a “hold” rating and boosted their target price for the company from $290.00 to $410.00 in a research note on Thursday, January 4th. DA Davidson started coverage on shares of TopBuild in a research report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $401.40.

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.