Secure Asset Management LLC Takes $830,000 Position in TopBuild Corp. (NYSE:BLD)

Secure Asset Management LLC acquired a new position in TopBuild Corp. (NYSE:BLD) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,667 shares of the construction company’s stock, valued at approximately $830,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pitcairn Co. raised its position in shares of TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock valued at $903,000 after buying an additional 1,422 shares in the last quarter. TT International Asset Management LTD lifted its stake in TopBuild by 33.3% during the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after purchasing an additional 4,694 shares during the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after purchasing an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TopBuild by 37.3% during 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 purchasing an additional 48,562 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock valued at $4,600,000 after buying an additional 4,703 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BLD. DA Davidson lowered their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group reduced their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group cut their target price 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $437.00.

TopBuild Price Performance

Shares of TopBuild stock opened at $352.82 on Friday. The business has a 50 day moving average of $345.03 and a 200 day moving average of $378.12. TopBuild Corp. has a 52 week low of $302.70 and a 52 week high of $495.68. The company has a market cap of $10.41 billion, a PE ratio of 17.80, a P/E/G ratio of 2.08 and a beta of 1.84. 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 (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $5.43 EPS. As a group, equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current 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.