Y Intercept Hong Kong Ltd Boosts Stake in TopBuild Corp. (NYSE:BLD)

Y Intercept Hong Kong Ltd increased its stake in TopBuild Corp. (NYSE:BLD) by 124.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,279 shares of the construction company’s stock after buying an additional 1,265 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in TopBuild were worth $710,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BLD. Wilmington Savings Fund Society FSB purchased a new position in TopBuild in the 3rd quarter worth approximately $31,000. Winch Advisory Services LLC acquired a new stake in TopBuild in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc grew its position in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Quantbot Technologies LP acquired a new stake in TopBuild in the third quarter valued at approximately $45,000. Finally, Kennebec Savings Bank acquired a new stake in TopBuild in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the subject of several recent research reports. DA Davidson lowered their price objective 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. Truist Financial lowered their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Loop Capital reduced their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $422.33.

TopBuild Stock Performance

Shares of BLD opened at $306.44 on Friday. The business’s fifty day moving average price is $326.00 and its 200 day moving average price is $360.03. TopBuild Corp. has a 12-month low of $295.19 and a 12-month high of $495.68. The stock has a market capitalization of $9.04 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

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

TopBuild Company 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.