International Assets Investment Management LLC Has $1.54 Million Holdings in TopBuild Corp. (NYSE:BLD)

International Assets Investment Management LLC raised its stake in TopBuild Corp. (NYSE:BLD) by 8,850.0% in the 4th quarter, HoldingsChannel reports. The fund owned 4,117 shares of the construction company’s stock after buying an additional 4,071 shares during the quarter. International Assets Investment Management LLC’s holdings in TopBuild were worth $1,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLD. Contravisory Investment Management Inc. acquired a new stake in TopBuild in the 4th quarter valued at about $28,000. BluePath Capital Management LLC bought a new position in shares of TopBuild in the 3rd quarter valued at about $30,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of TopBuild by 37.1% in 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 last quarter. Headlands Technologies LLC bought a new position in shares of TopBuild in the 3rd quarter valued at about $44,000. Finally, Belpointe Asset Management LLC boosted its stake in shares of TopBuild by 167.1% in the 1st quarter. Belpointe Asset Management LLC now owns 211 shares of the construction company’s stock valued at $44,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD opened at $384.32 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. TopBuild Corp. has a twelve month low of $199.31 and a twelve month high of $452.87. The firm’s 50 day moving average price is $412.70 and its two-hundred day moving average price is $350.05. The firm has a market cap of $12.23 billion, a P/E ratio of 19.88, a PEG ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating 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 firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $4.40 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that TopBuild Corp. will post 21.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price on the stock. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Benchmark lifted their price objective on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Bank of America lifted their price objective on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.