TopBuild Corp. (NYSE:BLD) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its holdings in TopBuild Corp. (NYSE:BLD) by 83.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,005 shares of the construction company’s stock after buying an additional 912 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in TopBuild were worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLD. JPMorgan Chase & Co. raised its stake in TopBuild by 2.6% in the first quarter. JPMorgan Chase & Co. now owns 75,512 shares of the construction company’s stock valued at $13,697,000 after buying an additional 1,891 shares in the last quarter. Bank of Montreal Can raised its stake in TopBuild by 3.8% in the first quarter. Bank of Montreal Can now owns 4,993 shares of the construction company’s stock valued at $998,000 after buying an additional 184 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in TopBuild by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,067 shares of the construction company’s stock valued at $2,189,000 after buying an additional 1,151 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in TopBuild by 9.1% in the first quarter. Great West Life Assurance Co. Can now owns 18,097 shares of the construction company’s stock valued at $3,375,000 after buying an additional 1,503 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in TopBuild by 23.7% in the first quarter. Vontobel Holding Ltd. now owns 2,890 shares of the construction company’s stock valued at $536,000 after buying an additional 554 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of BLD opened at $400.13 on Wednesday. TopBuild Corp. has a twelve month low of $198.82 and a twelve month high of $452.87. The stock’s 50 day moving average is $412.68 and its two-hundred day moving average is $346.97. The firm has a market capitalization of $12.73 billion, a PE ratio of 20.70, a P/E/G ratio of 2.28 and a beta of 1.66. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company earned $4.40 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 21.01 earnings per share for the current year.

Analysts Set New Price Targets

BLD has been the topic of several research reports. The Goldman Sachs Group raised their price objective on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Truist Financial lowered TopBuild from a “buy” rating to a “hold” rating and raised their price objective for the stock from $290.00 to $410.00 in a report on Thursday, January 4th. DA Davidson initiated coverage on TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price objective on the stock. Finally, Loop Capital raised TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average price target of $401.40.

TopBuild 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.