Zurcher Kantonalbank Zurich Cantonalbank Sells 5,145 Shares of TopBuild Corp. (NYSE:BLD)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 37.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,684 shares of the construction company’s stock after selling 5,145 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TopBuild were worth $3,250,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in TopBuild in the fourth quarter worth approximately $28,000. BluePath Capital Management LLC bought a new position in TopBuild in the third quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. grew its stake in TopBuild by 37.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock worth $40,000 after purchasing an additional 43 shares in the last quarter. Headlands Technologies LLC bought a new position in TopBuild in the third quarter worth approximately $44,000. Finally, Ronald Blue Trust Inc. grew its stake in TopBuild by 75.2% in the third quarter. Ronald Blue Trust Inc. now owns 184 shares of the construction company’s stock worth $49,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD opened at $384.83 on Tuesday. TopBuild Corp. has a 12 month low of $199.31 and a 12 month high of $452.87. The stock has a fifty day moving average price of $412.40 and a 200-day moving average price of $351.05. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The firm has a market cap of $12.25 billion, a PE ratio of 19.91, a P/E/G ratio of 2.09 and a beta of 1.66.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Evercore ISI increased their price objective on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Bank of America upped their target price on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Loop Capital upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Truist Financial lowered TopBuild from a “buy” rating to a “hold” rating and upped their target price for the stock from $290.00 to $410.00 in a report on Thursday, January 4th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.