Cetera Investment Advisers Raises Stake in TopBuild Corp. (NYSE:BLD)

Cetera Investment Advisers raised its position in TopBuild Corp. (NYSE:BLD) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,591 shares of the construction company’s stock after acquiring an additional 361 shares during the quarter. Cetera Investment Advisers’ holdings in TopBuild were worth $1,118,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BLD. V Square Quantitative Management LLC lifted its stake in TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after acquiring an additional 42 shares during the last quarter. R Squared Ltd purchased a new stake in shares of TopBuild during the 4th quarter worth approximately $72,000. Blue Trust Inc. lifted its position in shares of TopBuild by 18.0% during the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock worth $137,000 after buying an additional 67 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of TopBuild during the 4th quarter worth approximately $159,000. Finally, Aristeia Capital L.L.C. purchased a new stake in shares of TopBuild during the 4th quarter worth approximately $215,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 0.1%

BLD stock opened at $280.22 on Friday. The company has a fifty day moving average price of $295.66 and a 200 day moving average price of $322.68. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.81 EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Loop Capital reduced their price objective on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective for the company. Stephens reduced their price objective on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Benchmark reduced their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, Truist Financial reduced their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $380.22.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares of the company’s stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

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.