First Sabrepoint Capital Management LP Raises Position in TopBuild Corp. (NYSE:BLD)

First Sabrepoint Capital Management LP increased its holdings in TopBuild Corp. (NYSE:BLD) by 123.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,000 shares of the construction company’s stock after purchasing an additional 13,800 shares during the period. TopBuild comprises about 2.1% of First Sabrepoint Capital Management LP’s portfolio, making the stock its 15th largest holding. First Sabrepoint Capital Management LP’s holdings in TopBuild were worth $7,784,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new position in shares of TopBuild in the third quarter worth $54,000. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild in the 3rd quarter valued at about $31,000. Nordea Investment Management AB lifted its stake in shares of TopBuild by 4.1% during the 4th quarter. Nordea Investment Management AB now owns 34,506 shares of the construction company’s stock worth $10,707,000 after purchasing an additional 1,352 shares during the last quarter. TT International Asset Management LTD raised its stake in shares of TopBuild by 33.3% during the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after acquiring an additional 4,694 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in TopBuild in the fourth quarter valued at about $475,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the subject of several recent research reports. Benchmark cut their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday. Truist Financial lowered their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group dropped their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday, April 1st. They set a “buy” rating and a $356.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $380.22.

TopBuild Trading Up 2.3 %

TopBuild stock opened at $291.50 on Friday. The company’s fifty day moving average price is $296.75 and its two-hundred day moving average price is $327.33. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business earned $4.81 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.