TopBuild Corp. (NYSE:BLD) Position Lessened by Plato Investment Management Ltd

Plato Investment Management Ltd trimmed its position in shares of TopBuild Corp. (NYSE:BLD) by 43.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242 shares of the construction company’s stock after selling 183 shares during the period. Plato Investment Management Ltd’s holdings in TopBuild were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE raised its holdings in shares of TopBuild by 7.8% during the fourth quarter. US Bancorp DE now owns 7,971 shares of the construction company’s stock worth $2,482,000 after acquiring an additional 578 shares in the last quarter. Versor Investments LP purchased a new stake in shares of TopBuild during the fourth quarter worth $328,000. Proficio Capital Partners LLC purchased a new stake in shares of TopBuild during the fourth quarter worth $5,913,000. IFP Advisors Inc raised its holdings in shares of TopBuild by 8.8% during the fourth quarter. IFP Advisors Inc now owns 1,015 shares of the construction company’s stock worth $316,000 after acquiring an additional 82 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in TopBuild by 124.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 2,279 shares of the construction company’s stock valued at $710,000 after buying an additional 1,265 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLD has been the topic of several recent research reports. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark cut their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday. The Goldman Sachs Group cut their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, DA Davidson cut their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $411.78.

TopBuild Trading Up 3.4 %

TopBuild stock opened at $305.23 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The business’s 50-day simple moving average is $325.36 and its 200-day simple moving average is $358.71. The firm has a market capitalization of $8.92 billion, a PE ratio of 15.40, a PEG ratio of 1.82 and a beta of 1.85. TopBuild Corp. has a 52 week low of $288.31 and a 52 week high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates 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 company posted $4.69 earnings per share. Equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

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.