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

National Bank of Canada FI raised its holdings in shares of TopBuild Corp. (NYSE:BLD) by 183.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,833 shares of the construction company’s stock after buying an additional 16,735 shares during the period. National Bank of Canada FI’s holdings in TopBuild were worth $8,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Winch Advisory Services LLC purchased a new position in shares of TopBuild during the 4th quarter valued at approximately $26,000. Versant Capital Management Inc boosted its stake in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in TopBuild during the 3rd quarter worth $31,000. V Square Quantitative Management LLC grew its holdings in 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 acquiring an additional 42 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in TopBuild in the third quarter worth about $45,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLD. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday, April 1st. They set a “buy” rating and a $356.00 price objective on the stock. The Goldman Sachs Group dropped their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Benchmark reduced their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $398.56.

TopBuild Stock Performance

Shares of BLD opened at $303.28 on Friday. The firm has a fifty day moving average of $314.95 and a 200-day moving average of $346.40. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth 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 Corp. has a 1 year low of $272.24 and a 1 year high of $495.68.

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

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.