18,992 Shares in TopBuild Corp. (NYSE:BLD) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,992 shares of the construction company’s stock, valued at approximately $5,913,000. Proficio Capital Partners LLC owned 0.06% of TopBuild as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. FMR LLC raised its position in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after buying an additional 161,743 shares in the last quarter. State Street Corp raised its holdings in TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after acquiring an additional 34,911 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after acquiring an additional 12,909 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of TopBuild by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock worth $91,076,000 after purchasing an additional 11,762 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of TopBuild by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock worth $94,955,000 after purchasing an additional 5,982 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Down 3.3 %

Shares of BLD opened at $296.24 on Tuesday. 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 Corp. has a 52 week low of $293.88 and a 52 week high of $495.68. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.82 and a beta of 1.85. The stock has a fifty day moving average of $325.69 and a 200-day moving average of $359.25.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm posted $4.69 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Benchmark cut their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday. DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Truist Financial lowered their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $411.78.

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.