Aristides Capital LLC Takes Position in TopBuild Corp. (NYSE:BLD)

Aristides Capital LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 881 shares of the construction company’s stock, valued at approximately $274,000.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of TopBuild during the 3rd quarter worth about $45,000. Quantinno Capital Management LP lifted its position in shares of TopBuild by 10.8% during the 3rd quarter. Quantinno Capital Management LP now owns 3,203 shares of the construction company’s stock worth $1,303,000 after buying an additional 313 shares during the last quarter. State Street Corp boosted its holdings in shares of TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after buying an additional 34,911 shares in the last quarter. Insigneo Advisory Services LLC grew its position in shares of TopBuild by 52.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 919 shares of the construction company’s stock valued at $374,000 after buying an additional 318 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in TopBuild during the 3rd quarter worth $344,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BLD has been the subject of several research analyst reports. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Benchmark decreased their target price on 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 reduced their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group lowered their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $398.56.

TopBuild Price Performance

Shares of NYSE:BLD opened at $303.28 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $314.95 and a 200 day moving average price of $346.04. TopBuild Corp. has a 52 week low of $272.24 and a 52 week high of $495.68. The company has a market cap of $8.87 billion, a P/E ratio of 15.30, a PEG ratio of 1.82 and a beta of 1.77.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.69 earnings per share. Research analysts predict that TopBuild Corp. will post 20.97 earnings per share 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.