Meeder Asset Management Inc. Purchases 4,497 Shares of TopBuild Corp. (NYSE:BLD)

Meeder Asset Management Inc. boosted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 109.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,621 shares of the construction company’s stock after acquiring an additional 4,497 shares during the period. Meeder Asset Management Inc.’s holdings in TopBuild were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC lifted its holdings in shares of TopBuild by 205.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 26,585 shares of the construction company’s stock valued at $8,277,000 after purchasing an additional 17,895 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in TopBuild by 123.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,290 shares of the construction company’s stock worth $732,000 after buying an additional 1,266 shares during the period. Pictet Asset Management Holding SA lifted its stake in TopBuild by 4.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock valued at $271,331,000 after buying an additional 40,916 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in TopBuild in the fourth quarter valued at approximately $2,010,000. Finally, Norges Bank acquired a new position in shares of TopBuild in the fourth quarter valued at approximately $108,688,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BLD. The Goldman Sachs Group dropped their price objective 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. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark decreased their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Stock Down 1.6 %

NYSE:BLD opened at $305.95 on Monday. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68. The stock’s 50 day moving average price is $319.92 and its two-hundred day moving average price is $349.12.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.69 earnings per share. Equities research analysts expect that TopBuild Corp. will post 20.97 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.