Proficio Capital Partners LLC Acquires Shares of 18,992 TopBuild Corp. (NYSE:BLD)

Proficio Capital Partners LLC purchased a new position in shares of TopBuild Corp. (NYSE:BLD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 18,992 shares of the construction company’s stock, valued at approximately $5,913,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLD. Winch Advisory Services LLC purchased a new stake in shares of TopBuild during the 4th quarter worth $26,000. Versant Capital Management Inc lifted its stake in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild during the 3rd quarter worth $31,000. V Square Quantitative Management LLC lifted its stake in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of TopBuild during the 3rd quarter worth $45,000. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BLD shares. Truist Financial dropped their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Loop Capital cut their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Benchmark cut their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price objective 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $403.88.

TopBuild Stock Up 1.4 %

NYSE:BLD opened at $299.45 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $323.89 and its two-hundred day moving average is $353.75. TopBuild Corp. has a 52 week low of $288.31 and a 52 week high of $495.68. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $4.69 earnings per share. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS 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.