Trust Co. of Vermont Grows Stock Position in TopBuild Corp. (NYSE:BLD)

Trust Co. of Vermont raised its position in TopBuild Corp. (NYSE:BLD) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307 shares of the construction company’s stock after buying an additional 55 shares during the quarter. Trust Co. of Vermont’s holdings in TopBuild were worth $96,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in TopBuild during the third quarter valued at about $114,220,000. 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 purchasing an additional 161,743 shares during the period. Jennison Associates LLC lifted its stake in shares of TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after buying an additional 110,143 shares in the last quarter. Natixis Advisors LLC bought a new position in TopBuild in the 3rd quarter worth approximately $41,981,000. Finally, Massachusetts Financial Services Co. MA grew its stake in TopBuild by 37.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after buying an additional 48,562 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BLD has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and reduced their target price for the company from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group lowered 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. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson decreased their target price 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $437.00.

TopBuild Price Performance

Shares of NYSE:BLD opened at $346.72 on Monday. TopBuild Corp. has a one year low of $302.70 and a one year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.84 and a beta of 1.84. The company’s fifty day moving average price is $345.83 and its 200-day moving average price is $379.09.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $5.43 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current fiscal 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.