TopBuild Corp. (NYSE:BLD) Shares Purchased by Anchor Investment Management LLC

Anchor Investment Management LLC boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 16.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,037 shares of the construction company’s stock after acquiring an additional 149 shares during the quarter. Anchor Investment Management LLC’s holdings in TopBuild were worth $323,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BLD. Winch Advisory Services LLC purchased a new position in shares of TopBuild during the fourth quarter worth $26,000. Versant Capital Management Inc grew its position in 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 period. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild during the 3rd quarter valued at about $31,000. V Square Quantitative Management LLC lifted its holdings in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in shares of TopBuild in the third quarter worth about $54,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

NYSE:BLD opened at $279.23 on Thursday. The stock has a 50 day moving average of $304.26 and a two-hundred day moving average of $338.97. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The firm has a market cap of $8.17 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.69 earnings per share. On average, analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BLD shares. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price for the company. The Goldman Sachs Group dropped their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Benchmark lowered their target price 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. Finally, Truist Financial cut their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $398.56.

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.