Johnson Investment Counsel Inc. Invests $1.22 Million in TopBuild Corp. (NYSE:BLD)

Johnson Investment Counsel Inc. acquired a new stake in TopBuild Corp. (NYSE:BLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,914 shares of the construction company’s stock, valued at approximately $1,219,000.

Several other hedge funds have also recently bought and sold shares of BLD. Winch Advisory Services LLC bought a new stake in TopBuild in the 4th quarter valued at about $26,000. Versant Capital Management Inc lifted its position in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in TopBuild in the 3rd quarter valued at about $31,000. V Square Quantitative Management LLC lifted its position in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in TopBuild in the 3rd quarter valued at about $45,000. 95.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Benchmark cut their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lowered their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average target price of $411.78.

TopBuild Stock Performance

Shares of BLD opened at $298.06 on Wednesday. The firm’s 50 day moving average is $324.71 and its 200-day moving average is $355.77. The stock has a market capitalization of $8.71 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.82 and a beta of 1.89. 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 Corp. has a 12-month low of $288.31 and a 12-month high of $495.68.

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. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.69 EPS. Equities research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.