Park Avenue Securities LLC Boosts Stake in TopBuild Corp. (NYSE:BLD)

Park Avenue Securities LLC increased its stake in TopBuild Corp. (NYSE:BLD) by 22.8% in the 4th quarter, Holdings Channel reports. The fund owned 1,070 shares of the construction company’s stock after buying an additional 199 shares during the quarter. Park Avenue Securities LLC’s holdings in TopBuild were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild in the 3rd quarter valued at $31,000. Kennebec Savings Bank bought a new position in shares of TopBuild during the 3rd quarter valued at $45,000. Quantbot Technologies LP purchased a new position in TopBuild in the 3rd quarter worth $45,000. Finally, UMB Bank n.a. lifted its stake in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of recent research reports. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $437.00.

TopBuild Stock Down 0.6 %

Shares of TopBuild stock opened at $352.82 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68. The company has a market cap of $10.41 billion, a P/E ratio of 17.80, a PEG ratio of 2.08 and a beta of 1.84. The company’s fifty day simple moving average is $345.03 and its two-hundred day simple moving average is $378.12.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $5.43 earnings per share. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current 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.