Spire Wealth Management Has $129,000 Stock Position in TopBuild Corp. (NYSE:BLD)

Spire Wealth Management reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413 shares of the construction company’s stock after selling 60 shares during the quarter. Spire Wealth Management’s holdings in TopBuild were worth $129,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of TopBuild during the third quarter valued at about $31,000. Winch Advisory Services LLC acquired a new position in shares of TopBuild during the fourth quarter valued at about $26,000. Versant Capital Management Inc boosted its holdings in TopBuild by 327.3% during 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. Quantbot Technologies LP purchased a new position in TopBuild during the third quarter worth about $45,000. Finally, Kennebec Savings Bank purchased a new position in TopBuild during the third quarter worth about $45,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

NYSE BLD opened at $326.92 on Friday. The company’s 50 day moving average is $337.91 and its 200-day moving average is $371.67. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68. 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 firm has a market cap of $9.64 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.85.

TopBuild (NYSE:BLD) last posted 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 analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted $5.43 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Ratings Changes

BLD has been the topic of several analyst reports. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn cut 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 price target on shares of 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 price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $437.00.

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.