Swiss National Bank Has $18.47 Million Stake in TopBuild Corp. (NYSE:BLD)

Swiss National Bank decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,321 shares of the construction company’s stock after selling 2,800 shares during the period. Swiss National Bank’s holdings in TopBuild were worth $18,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in shares of TopBuild by 3.6% during the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after buying an additional 32 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of TopBuild by 0.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock worth $1,681,000 after buying an additional 40 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of TopBuild by 1.0% during the third quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock worth $1,712,000 after buying an additional 41 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of TopBuild by 55.3% during the fourth 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. Finally, Point72 DIFC Ltd increased its holdings in shares of TopBuild by 1.8% during the third quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company’s stock worth $1,031,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Down 0.2 %

BLD opened at $300.66 on Wednesday. The firm’s fifty day moving average is $323.22 and its two-hundred day moving average is $352.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market cap of $8.79 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a twelve month low of $288.31 and a twelve month high of $495.68.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

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.