TopBuild Corp. (NYSE:BLD) Shares Bought by Xponance Inc.

Xponance Inc. raised its stake in TopBuild Corp. (NYSE:BLD) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,027 shares of the construction company’s stock after purchasing an additional 46 shares during the quarter. Xponance Inc.’s holdings in TopBuild were worth $1,507,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BLD. William Blair Investment Management LLC acquired a new position in shares of TopBuild in the 3rd quarter valued at $95,147,000. FMR LLC boosted its holdings in shares of TopBuild by 13.8% in the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock valued at $276,941,000 after purchasing an additional 133,835 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of TopBuild by 83.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company’s stock valued at $69,190,000 after purchasing an additional 125,000 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of TopBuild by 112.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 157,535 shares of the construction company’s stock valued at $39,636,000 after purchasing an additional 83,286 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of TopBuild by 3.9% in the 3rd quarter. Invesco Ltd. now owns 880,779 shares of the construction company’s stock valued at $221,604,000 after acquiring an additional 32,771 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BLD shares. DA Davidson started coverage on shares of TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price on the stock. Stephens reissued an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a research note on Tuesday. The Goldman Sachs Group raised their target price on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research note on Friday, March 1st. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Finally, Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $418.90.

TopBuild Stock Performance

TopBuild stock opened at $395.13 on Wednesday. TopBuild Corp. has a 12-month low of $199.31 and a 12-month high of $452.87. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The firm’s fifty day moving average price is $412.61 and its 200 day moving average price is $352.11.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.09. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.40 EPS. On average, research analysts forecast that TopBuild Corp. will post 21.01 EPS 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.