Bessemer Group Inc. Decreases Stock Position in TopBuild Corp. (NYSE:BLD)

Bessemer Group Inc. decreased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 46.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 106 shares of the construction company’s stock after selling 92 shares during the period. Bessemer Group Inc.’s holdings in TopBuild were worth $33,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Anchor Investment Management LLC increased its stake in TopBuild by 10.3% during the 3rd quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock valued at $361,000 after purchasing an additional 83 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of TopBuild during the third quarter worth $54,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild during the third quarter valued at $31,000. JPMorgan Chase & Co. increased its position in shares of TopBuild by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company’s stock valued at $34,828,000 after acquiring an additional 10,612 shares during the period. Finally, Versant Capital Management Inc raised its stake in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds 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 price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. Benchmark reduced their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Loop Capital dropped their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, The Goldman Sachs Group reduced their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Trading Up 2.3 %

Shares of TopBuild stock opened at $285.65 on Friday. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two 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. The company has a market cap of $8.35 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The firm has a 50-day simple moving average of $303.37 and a two-hundred day simple moving average of $338.14.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the firm posted $4.69 EPS. TopBuild’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.