Savant Capital LLC Invests $294,000 in TopBuild Corp. (NYSE:BLD)

Savant Capital LLC purchased a new stake in TopBuild Corp. (NYSE:BLD) in the fourth quarter, HoldingsChannel reports. The firm purchased 786 shares of the construction company’s stock, valued at approximately $294,000.

Several other institutional investors have also made changes to their positions in BLD. Contravisory Investment Management Inc. bought a new stake in shares of TopBuild during the 4th quarter valued at $28,000. BluePath Capital Management LLC bought a new position in shares of TopBuild in the third quarter worth $30,000. Nomura Asset Management Co. Ltd. raised 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 valued at $40,000 after purchasing an additional 43 shares in the last quarter. Headlands Technologies LLC bought a new stake in TopBuild during the third quarter worth about $44,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in TopBuild during the third quarter worth about $75,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Up 3.7 %

Shares of NYSE:BLD opened at $417.57 on Tuesday. The firm has a market cap of $13.29 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.94 and a beta of 1.67. The business has a fifty day simple moving average of $414.41 and a 200 day simple moving average of $362.47. 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 12-month low of $199.31 and a 12-month high of $452.87.

TopBuild (NYSE:BLD) last released its 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 business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $4.40 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts predict that TopBuild Corp. will post 21.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BLD. Evercore ISI upped their price target on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group upped their target price on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Stephens reiterated an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research note on Tuesday, April 23rd. Bank of America upped their price objective on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Benchmark lifted their target price on TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $418.90.

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.