Kestra Investment Management LLC Buys Shares of 1,279 TopBuild Corp. $BLD

Kestra Investment Management LLC purchased a new stake in TopBuild Corp. (NYSE:BLDFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,279 shares of the construction company’s stock, valued at approximately $534,000.

Other large investors have also modified their holdings of the company. Clearstead Advisors LLC lifted its stake in TopBuild by 212.4% in the 4th quarter. Clearstead Advisors LLC now owns 653 shares of the construction company’s stock valued at $272,000 after buying an additional 444 shares in the last quarter. Narus Financial Partners LLC purchased a new stake in TopBuild in the 4th quarter worth approximately $209,000. Genus Capital Management Inc. boosted its stake in TopBuild by 13.1% in the 4th quarter. Genus Capital Management Inc. now owns 11,837 shares of the construction company’s stock worth $4,938,000 after buying an additional 1,372 shares during the last quarter. New Age Alpha Advisors LLC boosted its stake in TopBuild by 2.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 6,422 shares of the construction company’s stock worth $2,679,000 after buying an additional 163 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in TopBuild by 24.0% in the 4th quarter. Hantz Financial Services Inc. now owns 2,937 shares of the construction company’s stock valued at $1,225,000 after buying an additional 568 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLD has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Loop Capital downgraded shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target on the stock. in a research note on Wednesday, May 6th. Finally, UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $466.77.

Read Our Latest Analysis on TopBuild

TopBuild Stock Up 1.1%

Shares of NYSE BLD opened at $417.93 on Thursday. The stock has a fifty day moving average price of $399.11 and a 200 day moving average price of $434.56. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 12-month low of $273.87 and a 12-month high of $559.47. The company has a market cap of $11.76 billion, a P/E ratio of 23.48, a P/E/G ratio of 4.81 and a beta of 1.85.

TopBuild (NYSE:BLDGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm posted $4.63 earnings per share. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 18.15 EPS for the current fiscal year.

TopBuild Profile

(Free Report)

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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