Cornercap Investment Counsel Inc. Makes New $221,000 Investment in TopBuild Corp. (NYSE:BLD)

Cornercap Investment Counsel Inc. bought a new position in shares of TopBuild Corp. (NYSE:BLD) in the fourth quarter, HoldingsChannel reports. The firm bought 590 shares of the construction company’s stock, valued at approximately $221,000.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC increased its position in TopBuild by 230.1% during the 4th quarter. Millennium Management LLC now owns 864,237 shares of the construction company’s stock valued at $135,244,000 after purchasing an additional 602,416 shares during the period. Capital International Investors lifted its holdings in TopBuild by 135.6% in the first quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock worth $165,778,000 after buying an additional 526,053 shares during the period. Norges Bank bought a new stake in TopBuild during the 4th quarter valued at approximately $70,298,000. William Blair Investment Management LLC purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $95,147,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of TopBuild by 65.7% in the 1st quarter. Ameriprise Financial Inc. now owns 348,157 shares of the construction company’s stock valued at $72,465,000 after purchasing an additional 138,058 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Down 2.8 %

TopBuild stock opened at $388.74 on Thursday. TopBuild Corp. has a 12 month low of $199.31 and a 12 month high of $452.87. The stock has a fifty day simple moving average of $412.87 and a two-hundred day simple moving average of $347.26. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.24 and a beta of 1.66.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping the consensus estimate of $4.60 by $0.09. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. TopBuild’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company earned $4.40 EPS. Equities analysts predict that TopBuild Corp. will post 21.01 EPS for the current fiscal year.

Analysts Set New Price Targets

BLD has been the topic of several recent research reports. Bank of America upped their price target on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Benchmark lifted their price target on shares of TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Evercore ISI upped their price objective on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Finally, Loop Capital raised TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $401.40.

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.