Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,195 Shares of TopBuild Corp. (NYSE:BLD)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in TopBuild Corp. (NYSE:BLD) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,980 shares of the construction company’s stock after buying an additional 1,195 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TopBuild were worth $3,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new position in shares of TopBuild in the fourth quarter valued at about $26,000. Versant Capital Management Inc grew 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 purchasing an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in TopBuild during the 3rd quarter valued at about $31,000. V Square Quantitative Management LLC raised its position 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 last quarter. Finally, Quantbot Technologies LP purchased a new stake in TopBuild in the 3rd quarter worth approximately $45,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

Shares of BLD opened at $299.45 on Friday. TopBuild Corp. has a fifty-two week low of $288.31 and a fifty-two week high of $495.68. The firm’s 50-day simple moving average is $323.89 and its two-hundred day simple moving average is $354.01. The stock has a market cap of $8.75 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last posted its quarterly earnings results 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 the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.69 EPS. Analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on BLD shares. Loop Capital decreased their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. 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 on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Truist Financial cut their price objective 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $403.88.

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.