TopBuild Corp. (NYSE:BLD) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in shares of TopBuild Corp. (NYSE:BLD) by 59.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,455 shares of the construction company’s stock after purchasing an additional 544 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in TopBuild were worth $453,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its holdings in TopBuild by 3.6% during the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after acquiring an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of TopBuild by 0.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock valued at $1,681,000 after purchasing an additional 40 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of TopBuild by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock worth $1,712,000 after purchasing an additional 41 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its stake in TopBuild by 1.8% during the third quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company’s stock valued at $1,031,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD opened at $300.66 on Wednesday. The company has a market capitalization of $8.79 billion, a PE ratio of 15.17, a PEG ratio of 1.82 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company’s 50 day moving average price is $323.22 and its 200 day moving average price is $352.47. TopBuild Corp. has a 52 week low of $288.31 and a 52 week high of $495.68.

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

Analyst Ratings Changes

Several research analysts have issued reports on BLD shares. Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Loop Capital cut their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock 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 for the company in a research report on Tuesday, January 14th. Truist Financial cut their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $403.88.

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.