Kennedy Capital Management LLC Purchases 1,063 Shares of TopBuild Corp. (NYSE:BLD)

Kennedy Capital Management LLC lifted its holdings in TopBuild Corp. (NYSE:BLD) by 2.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,944 shares of the construction company’s stock after acquiring an additional 1,063 shares during the quarter. Kennedy Capital Management LLC’s holdings in TopBuild were worth $12,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in TopBuild during the 4th quarter valued at approximately $108,688,000. E. Ohman J or Asset Management AB bought a new position in shares of TopBuild during the 4th quarter valued at $23,906,000. Invesco Ltd. boosted its position in TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock valued at $185,353,000 after buying an additional 75,713 shares in the last quarter. Jackson Square Partners LLC acquired a new position in TopBuild during the fourth quarter worth $19,462,000. Finally, Victory Capital Management Inc. grew its stake in TopBuild by 116.9% during the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock worth $29,442,000 after buying an additional 50,959 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE BLD opened at $297.13 on Thursday. The firm has a market capitalization of $8.69 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The stock’s 50-day simple moving average is $308.91 and its 200-day simple moving average is $342.58. 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 quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $4.69 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on BLD. Truist Financial cut their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target on the stock. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Loop Capital cut their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target of $398.56.

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.