Centiva Capital LP Grows Stake in TopBuild Corp. (NYSE:BLD)

Centiva Capital LP raised its stake in shares of TopBuild Corp. (NYSE:BLD) by 92.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,921 shares of the construction company’s stock after purchasing an additional 3,807 shares during the period. Centiva Capital LP’s holdings in TopBuild were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its holdings in TopBuild by 779.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock valued at $188,098,000 after buying an additional 535,478 shares during the period. Norges Bank bought a new position in TopBuild during the fourth quarter valued at $108,688,000. E. Ohman J or Asset Management AB purchased a new stake in shares of TopBuild in the fourth quarter valued at $23,906,000. Invesco Ltd. lifted its holdings in shares of TopBuild by 14.6% in the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock worth $185,353,000 after acquiring an additional 75,713 shares during the last quarter. Finally, Jackson Square Partners LLC purchased a new position in shares of TopBuild during the 4th quarter worth about $19,462,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLD. Loop Capital decreased their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective for the company. Truist Financial reduced their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Benchmark lowered their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Trading Down 2.4 %

NYSE BLD opened at $285.00 on Wednesday. TopBuild Corp. has a one year low of $266.26 and a one year 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 has a market capitalization of $8.33 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The company’s 50-day simple moving average is $297.28 and its two-hundred day simple moving average is $328.33.

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

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.