730 Shares in TopBuild Corp. (NYSE:BLD) Acquired by Simplicity Solutions LLC

Simplicity Solutions LLC acquired a new position in TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 730 shares of the construction company’s stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLD. JPMorgan Chase & Co. boosted its stake in TopBuild by 2.6% in the 1st quarter. JPMorgan Chase & Co. now owns 75,512 shares of the construction company’s stock worth $13,697,000 after purchasing an additional 1,891 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in TopBuild by 26.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,598 shares of the construction company’s stock valued at $290,000 after buying an additional 331 shares during the last quarter. Bank of Montreal Can increased its position in TopBuild by 3.8% in the 1st quarter. Bank of Montreal Can now owns 4,993 shares of the construction company’s stock worth $998,000 after buying an additional 184 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of TopBuild by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,067 shares of the construction company’s stock worth $2,189,000 after buying an additional 1,151 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of TopBuild by 9.1% in the first quarter. Great West Life Assurance Co. Can now owns 18,097 shares of the construction company’s stock valued at $3,375,000 after acquiring an additional 1,503 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Down 1.4 %

BLD stock opened at $384.32 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. TopBuild Corp. has a twelve month low of $199.31 and a twelve month high of $452.87. The company has a market cap of $12.23 billion, a P/E ratio of 19.88, a PEG ratio of 2.12 and a beta of 1.66. The business has a fifty day moving average of $412.70 and a 200-day moving average of $349.29.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BLD shares. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Truist Financial downgraded shares of TopBuild from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $290.00 to $410.00 in a report on Thursday, January 4th. Bank of America increased their target price on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Benchmark boosted their price target on TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, DA Davidson assumed coverage on TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.