TopBuild Corp. (NYSE:BLD) Stake Lifted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in TopBuild Corp. (NYSE:BLD) by 83.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,005 shares of the construction company’s stock after acquiring an additional 912 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in TopBuild were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BLD. Millennium Management LLC boosted its holdings in shares of TopBuild by 230.1% in the fourth quarter. Millennium Management LLC now owns 864,237 shares of the construction company’s stock valued at $135,244,000 after acquiring an additional 602,416 shares in the last quarter. Capital International Investors boosted its holdings in shares of TopBuild by 135.6% in the first quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock valued at $165,778,000 after acquiring an additional 526,053 shares in the last quarter. Norges Bank bought a new stake in TopBuild during the fourth quarter worth approximately $70,298,000. William Blair Investment Management LLC bought a new stake in TopBuild during the third quarter worth approximately $95,147,000. Finally, Ameriprise Financial Inc. boosted its holdings in TopBuild by 65.7% during the first quarter. Ameriprise Financial Inc. now owns 348,157 shares of the construction company’s stock worth $72,465,000 after buying an additional 138,058 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Down 2.7 %

BLD stock opened at $400.13 on Wednesday. TopBuild Corp. has a 12-month low of $198.82 and a 12-month high of $452.87. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.28 and a beta of 1.66. The company has a 50 day moving average of $412.68 and a two-hundred day moving average of $346.97.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on BLD. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Truist Financial cut shares of TopBuild from a “buy” rating to a “hold” rating and raised their target price for the stock from $290.00 to $410.00 in a report on Thursday, January 4th. Evercore ISI raised their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. DA Davidson assumed coverage on shares of TopBuild in a research report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target for the company. Finally, Benchmark upped their price target on shares of TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.40.

TopBuild Company 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.