1,418 Shares in TopBuild Corp. $BLD Bought by M&T Bank Corp

M&T Bank Corp purchased a new position in TopBuild Corp. (NYSE:BLD) in the fourth quarter, Holdings Channel.com reports. The fund purchased 1,418 shares of the construction company’s stock, valued at approximately $592,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Greenleaf Trust lifted its stake in TopBuild by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock worth $506,000 after acquiring an additional 22 shares during the period. CWM LLC lifted its stake in TopBuild by 6.6% in the third quarter. CWM LLC now owns 419 shares of the construction company’s stock worth $164,000 after acquiring an additional 26 shares during the period. Xponance Inc. lifted its stake in TopBuild by 0.8% in the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock worth $1,371,000 after acquiring an additional 27 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in TopBuild by 3.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 844 shares of the construction company’s stock worth $330,000 after acquiring an additional 27 shares during the period. Finally, GAMMA Investing LLC raised its holdings in TopBuild by 4.0% in the fourth quarter. GAMMA Investing LLC now owns 734 shares of the construction company’s stock worth $306,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $439.61 on Friday. TopBuild Corp. has a 1-year low of $273.87 and a 1-year high of $559.47. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.94 and a quick ratio of 1.34. The business has a fifty day moving average price of $403.41 and a 200-day moving average price of $436.67. The company has a market capitalization of $12.37 billion, a PE ratio of 24.02, a PEG ratio of 5.56 and a beta of 1.78.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company earned $5.13 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. As a group, equities analysts expect that TopBuild Corp. will post 18.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BLD shares. Benchmark decreased their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. Wells Fargo & Company decreased their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. DA Davidson reiterated a “buy” rating and issued a $465.00 price objective on shares of TopBuild in a report on Monday, April 20th. Weiss Ratings downgraded TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada increased their price objective on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $447.21.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.