TT International Asset Management LTD Buys 4,694 Shares of TopBuild Corp. (NYSE:BLD)

TT International Asset Management LTD raised its stake in TopBuild Corp. (NYSE:BLD) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,781 shares of the construction company’s stock after buying an additional 4,694 shares during the quarter. TopBuild comprises approximately 0.9% of TT International Asset Management LTD’s investment portfolio, making the stock its 15th biggest holding. TT International Asset Management LTD owned 0.06% of TopBuild worth $5,847,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild during the second quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in TopBuild during the third quarter worth $31,000. Kennebec Savings Bank acquired a new position in TopBuild during the third quarter worth $45,000. Finally, Quantbot Technologies LP acquired a new position in TopBuild during the third quarter worth $45,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 1.7 %

Shares of TopBuild stock opened at $313.95 on Monday. The firm has a 50-day moving average of $349.20 and a 200-day moving average of $380.62. The stock has a market cap of $9.26 billion, a PE ratio of 15.84, a PEG ratio of 2.31 and a beta of 1.84. TopBuild Corp. has a 52-week low of $302.70 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $5.43 earnings per share. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that TopBuild Corp. will post 20.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BLD. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group decreased their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $439.38.

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.