TopBuild Corp. (NYSE:BLD) Stock Holdings Boosted by Promethos Capital LLC

Promethos Capital LLC lifted its position in TopBuild Corp. (NYSE:BLD) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,830 shares of the construction company’s stock after buying an additional 380 shares during the period. Promethos Capital LLC’s holdings in TopBuild were worth $3,372,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in TopBuild in the fourth quarter worth about $108,688,000. E. Ohman J or Asset Management AB acquired a new position in shares of TopBuild in the 4th quarter worth approximately $23,906,000. Invesco Ltd. raised 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 purchasing an additional 75,713 shares in the last quarter. Jackson Square Partners LLC acquired a new stake in TopBuild during the fourth quarter valued at approximately $19,462,000. Finally, Victory Capital Management Inc. boosted its holdings in TopBuild by 116.9% during the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock worth $29,442,000 after buying an additional 50,959 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

BLD stock opened at $288.86 on Monday. The stock has a market cap of $8.45 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.82 and a beta of 1.78. 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 firm has a 50 day simple moving average of $307.18 and a 200 day simple moving average of $340.58. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company posted $4.69 EPS. TopBuild’s revenue was up 2.0% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BLD. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Loop Capital decreased their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $398.56.

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.