TopBuild Corp. (NYSE:BLD) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its position in TopBuild Corp. (NYSE:BLD) by 327.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 94 shares of the construction company’s stock after acquiring an additional 72 shares during the quarter. Versant Capital Management Inc’s holdings in TopBuild were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BLD. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild during the 2nd quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the third quarter worth about $31,000. Kennebec Savings Bank acquired a new stake in shares of TopBuild during the third quarter worth about $45,000. Quantbot Technologies LP purchased a new position in shares of TopBuild during the third quarter worth about $45,000. Finally, UMB Bank n.a. increased its position in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after acquiring an additional 62 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

BLD stock opened at $315.80 on Wednesday. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.31 and a beta of 1.84. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $351.43 and a 200-day moving average of $382.03. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $5.43 earnings per share. TopBuild’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts expect that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. DA Davidson decreased their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $439.38.

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.