Crossmark Global Holdings Inc. Purchases 3,437 Shares of TopBuild Corp. (NYSE:BLD)

Crossmark Global Holdings Inc. lifted its stake in TopBuild Corp. (NYSE:BLD) by 152.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,695 shares of the construction company’s stock after buying an additional 3,437 shares during the period. Crossmark Global Holdings Inc.’s holdings in TopBuild were worth $1,773,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pitcairn Co. lifted its stake in shares of TopBuild by 178.2% in the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock valued at $903,000 after buying an additional 1,422 shares during the period. TT International Asset Management LTD lifted its stake in shares of TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after buying an additional 4,694 shares during the period. Icon Wealth Advisors LLC lifted its stake in shares of TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after buying an additional 2,008 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after buying an additional 48,562 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of TopBuild by 72.0% in the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock valued at $4,600,000 after buying an additional 4,703 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE BLD opened at $355.07 on Friday. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.06 and a beta of 1.84. The company has a 50 day moving average of $344.92 and a 200-day moving average of $378.35. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1-year low of $302.70 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $5.43 earnings per share. On average, equities analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLD has been the subject of several research reports. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. DA Davidson dropped their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $437.00.

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.