New Age Alpha Advisors LLC Makes New $2.01 Million Investment in TopBuild Corp. (NYSE:BLD)

New Age Alpha Advisors LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,456 shares of the construction company’s stock, valued at approximately $2,010,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in TopBuild during the fourth quarter worth about $108,688,000. E. Ohman J or Asset Management AB acquired a new stake in shares of TopBuild during the fourth quarter worth $23,906,000. Jackson Square Partners LLC purchased a new stake in shares of TopBuild in the fourth quarter valued at $19,462,000. Victory Capital Management Inc. increased its stake in TopBuild by 116.9% in the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company’s stock valued at $29,442,000 after purchasing an additional 50,959 shares during the last quarter. Finally, State Street Corp lifted its position in TopBuild by 3.2% during the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after buying an additional 34,911 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on BLD. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $403.88.

TopBuild Stock Performance

NYSE:BLD opened at $305.95 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.82 and a beta of 1.89. The firm’s fifty day simple moving average is $319.92 and its 200 day simple moving average is $349.23. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68.

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

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.