AXQ Capital LP Grows Position in TopBuild Corp. (NYSE:BLD)

AXQ Capital LP raised its position in TopBuild Corp. (NYSE:BLD) by 70.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,554 shares of the construction company’s stock after acquiring an additional 1,058 shares during the quarter. AXQ Capital LP’s holdings in TopBuild were worth $795,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Winch Advisory Services LLC bought a new position in shares of TopBuild in the fourth quarter worth about $26,000. Versant Capital Management Inc raised its stake in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in TopBuild during the 3rd quarter valued at approximately $31,000. V Square Quantitative Management LLC raised its stake in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares during the period. Finally, Quantbot Technologies LP bought a new stake in TopBuild during the 3rd quarter valued at approximately $45,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

BLD opened at $298.57 on Friday. 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 business has a fifty day moving average of $322.42 and a 200 day moving average of $351.17. The stock has a market cap of $8.73 billion, a P/E ratio of 15.06, a PEG ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 52-week low of $288.31 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.07 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’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 company posted $4.69 EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Analysts Set New Price Targets

BLD has been the topic of several recent analyst reports. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and decreased their target price 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 on the stock in a research note on Monday, March 3rd. Loop Capital cut their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $403.88.

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.