Victory Capital Management Inc. Buys 39,552 Shares of TopBuild Corp. (NYSE:BLD)

Victory Capital Management Inc. grew its stake in TopBuild Corp. (NYSE:BLD) by 170.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,765 shares of the construction company’s stock after purchasing an additional 39,552 shares during the quarter. Victory Capital Management Inc. owned approximately 0.20% of TopBuild worth $23,490,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Savant Capital LLC bought a new position in TopBuild in the 4th quarter valued at about $294,000. Van ECK Associates Corp increased its stake in shares of TopBuild by 36.6% during the fourth quarter. Van ECK Associates Corp now owns 8,995 shares of the construction company’s stock worth $3,366,000 after purchasing an additional 2,408 shares during the period. Retirement Systems of Alabama increased its stake in shares of TopBuild by 22.4% during the fourth quarter. Retirement Systems of Alabama now owns 74,095 shares of the construction company’s stock worth $27,731,000 after purchasing an additional 13,542 shares during the period. Transcend Capital Advisors LLC acquired a new stake in TopBuild during the 4th quarter worth approximately $223,000. Finally, Russell Investments Group Ltd. boosted its stake in TopBuild by 1.6% in the 4th quarter. Russell Investments Group Ltd. now owns 32,241 shares of the construction company’s stock valued at $12,067,000 after purchasing an additional 504 shares during the period. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on BLD shares. DA Davidson began coverage on TopBuild in a research report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price objective on the stock. Benchmark boosted their price objective on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI increased their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group lifted their price target on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Bank of America increased their price target on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $420.90.

TopBuild Trading Down 0.0 %

Shares of BLD opened at $396.55 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. TopBuild Corp. has a 52-week low of $199.31 and a 52-week high of $452.87. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.94 and a beta of 1.67. The business’s fifty day moving average is $414.16 and its 200-day moving average is $363.89.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, topping the consensus estimate of $4.56 by $0.25. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.36 earnings per share. Equities analysts anticipate that TopBuild Corp. will post 21.02 EPS for the current fiscal 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.