Greenleaf Trust Acquires 45 Shares of TopBuild Corp. (NYSE:BLD)

Greenleaf Trust increased its holdings in TopBuild Corp. (NYSE:BLD) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,133 shares of the construction company’s stock after purchasing an additional 45 shares during the period. Greenleaf Trust’s holdings in TopBuild were worth $424,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Xponance Inc. increased its position in TopBuild by 1.2% in the fourth quarter. Xponance Inc. now owns 4,027 shares of the construction company’s stock worth $1,507,000 after purchasing an additional 46 shares during the last quarter. Flputnam Investment Management Co. increased its position in TopBuild by 37.1% in the fourth quarter. Flputnam Investment Management Co. now owns 1,970 shares of the construction company’s stock worth $737,000 after purchasing an additional 533 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in TopBuild in the fourth quarter worth $221,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in TopBuild in the fourth quarter worth $128,000. Finally, Louisiana State Employees Retirement System bought a new stake in TopBuild in the fourth quarter worth $3,331,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

BLD stock opened at $395.13 on Wednesday. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $412.61 and its two-hundred day simple moving average is $352.11. TopBuild Corp. has a twelve month low of $199.31 and a twelve month high of $452.87. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last released its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $4.40 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. Analysts predict that TopBuild Corp. will post 21.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. DA Davidson began coverage on TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target on the stock. Finally, Stephens reissued an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $418.90.

About TopBuild

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.