TopBuild Corp. (NYSE:BLD) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in TopBuild Corp. (NYSE:BLD) by 22.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,467 shares of the construction company’s stock after purchasing an additional 454 shares during the quarter. Cerity Partners LLC’s holdings in TopBuild were worth $923,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new stake in shares of TopBuild during the fourth quarter worth about $28,000. BluePath Capital Management LLC acquired a new stake in TopBuild in the 3rd quarter worth about $30,000. Nomura Asset Management Co. Ltd. increased its stake in TopBuild by 37.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock worth $40,000 after buying an additional 43 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of TopBuild during the third quarter valued at approximately $44,000. Finally, Ronald Blue Trust Inc. lifted its position in shares of TopBuild by 75.2% in the third quarter. Ronald Blue Trust Inc. now owns 184 shares of the construction company’s stock valued at $49,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BLD. Bank of America increased their price objective on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. The Goldman Sachs Group raised their target price on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Truist Financial lowered TopBuild from a “buy” rating to a “hold” rating and upped their price target for the company from $290.00 to $410.00 in a research report on Thursday, January 4th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.40.

TopBuild Stock Up 0.1 %

Shares of NYSE:BLD opened at $384.83 on Tuesday. The business has a 50-day moving average price of $412.40 and a 200 day moving average price of $351.05. TopBuild Corp. has a 12-month low of $199.31 and a 12-month high of $452.87. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $4.40 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Sell-side analysts expect that TopBuild Corp. will post 21.01 EPS for the current year.

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.