Interval Partners LP Buys Shares of 171,593 TopBuild Corp. (NYSE:BLD)

Interval Partners LP purchased a new stake in TopBuild Corp. (NYSE:BLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 171,593 shares of the construction company’s stock, valued at approximately $53,424,000. TopBuild comprises approximately 1.0% of Interval Partners LP’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors also recently modified their holdings of the company. TT International Asset Management LTD raised its stake in TopBuild by 33.3% during the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after acquiring an additional 4,694 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of TopBuild by 57.8% during the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock valued at $10,160,000 after purchasing an additional 11,948 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in TopBuild by 51.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company’s stock worth $14,682,000 after purchasing an additional 16,090 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its stake in TopBuild by 18.4% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company’s stock valued at $11,052,000 after purchasing an additional 5,517 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in TopBuild in the fourth quarter valued at approximately $475,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLD. The Goldman Sachs Group dropped their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial dropped their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Loop Capital reduced their price target on TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a report on Thursday. Finally, Benchmark reduced their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target of $380.22.

TopBuild Stock Up 1.6 %

Shares of NYSE BLD opened at $295.71 on Friday. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company’s 50 day moving average price is $296.74 and its 200-day moving average price is $326.45. The company has a market capitalization of $8.65 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72.

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

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.