TopBuild Corp. (NYSE:BLD) Shares Bought by National Bank of Canada FI

National Bank of Canada FI raised its position in TopBuild Corp. (NYSE:BLD) by 183.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,833 shares of the construction company’s stock after acquiring an additional 16,735 shares during the period. National Bank of Canada FI owned approximately 0.09% of TopBuild worth $8,043,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sheaff Brock Investment Advisors LLC lifted its position in TopBuild by 0.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock valued at $1,681,000 after purchasing an additional 40 shares during the period. V Square Quantitative Management LLC raised its stake in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of TopBuild by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock valued at $301,000 after buying an additional 48 shares during the period. Trust Co. of Vermont boosted its stake in shares of TopBuild by 21.8% in the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company’s stock valued at $96,000 after buying an additional 55 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in TopBuild by 18.0% during the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock worth $137,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. 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. Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective for the company. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Stock Performance

Shares of BLD opened at $303.28 on Friday. TopBuild Corp. has a 1 year low of $272.24 and a 1 year high of $495.68. The company’s 50 day simple moving average is $314.95 and its 200 day simple moving average is $346.40. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.82 and a beta of 1.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $4.69 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current 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.