Xponance Inc. Raises Stake in TopBuild Corp. (NYSE:BLD)

Xponance Inc. lifted its position in TopBuild Corp. (NYSE:BLD) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,707 shares of the construction company’s stock after purchasing an additional 164 shares during the quarter. Xponance Inc.’s holdings in TopBuild were worth $1,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BLD. Winch Advisory Services LLC bought a new position in TopBuild in the 4th quarter worth $26,000. Versant Capital Management Inc boosted its stake in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild during the third quarter worth about $31,000. V Square Quantitative Management LLC raised its stake in TopBuild by 55.3% during 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 period. Finally, Quantbot Technologies LP purchased a new position in TopBuild in the 3rd quarter worth approximately $45,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research analyst reports. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group cut their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Loop Capital decreased their price target 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. Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and an average price target of $403.88.

TopBuild Stock Performance

TopBuild stock opened at $298.57 on Monday. The company’s 50-day moving average price is $322.42 and its 200-day moving average price is $350.90. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $8.73 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share 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 return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.69 earnings per share. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.