McClarren Financial Advisors Inc. Decreases Holdings in TopBuild Corp. (NYSE:BLD)

McClarren Financial Advisors Inc. decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 45.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 823 shares of the construction company’s stock after selling 694 shares during the period. McClarren Financial Advisors Inc.’s holdings in TopBuild were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BLD. Contravisory Investment Management Inc. bought a new stake in shares of TopBuild in the fourth quarter worth about $28,000. BluePath Capital Management LLC purchased a new stake in shares of TopBuild during the 3rd quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. boosted its position in shares of TopBuild by 37.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock valued at $40,000 after acquiring an additional 43 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of TopBuild during the 3rd quarter valued at approximately $44,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of TopBuild in the third quarter valued at $75,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BLD. Benchmark lifted their price objective on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Evercore ISI boosted their price objective on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Bank of America upped their price objective on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. DA Davidson initiated coverage on TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price for the company. Finally, Stephens reissued an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus target price of $418.90.

TopBuild Trading Up 0.6 %

BLD stock traded up $2.34 during trading on Thursday, hitting $390.61. The company had a trading volume of 238,514 shares, compared to its average volume of 258,025. TopBuild Corp. has a 52-week low of $199.31 and a 52-week high of $452.87. The company has a 50 day simple moving average of $412.55 and a 200-day simple moving average of $352.36. The firm has a market capitalization of $12.43 billion, a P/E ratio of 20.24, a PEG ratio of 2.17 and a beta of 1.66. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54.

TopBuild (NYSE:BLD) last issued its earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $4.40 earnings per share. As a group, research analysts forecast that TopBuild Corp. will post 21.02 earnings per share for the current fiscal year.

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.