TopBuild Corp (BLD) Shares Bought by Sheets Smith Wealth Management

Sheets Smith Wealth Management increased its stake in TopBuild Corp (NYSE:BLD) by 99.5% in the 4th quarter, HoldingsChannel reports. The fund owned 9,737 shares of the construction company’s stock after purchasing an additional 4,857 shares during the quarter. Sheets Smith Wealth Management’s holdings in TopBuild were worth $737,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BLD. Schwab Charles Investment Management Inc. increased its stake in shares of TopBuild by 11.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,146 shares of the construction company’s stock valued at $9,508,000 after acquiring an additional 19,007 shares in the last quarter. Legal & General Group Plc increased its stake in shares of TopBuild by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 71,805 shares of the construction company’s stock valued at $3,811,000 after acquiring an additional 4,019 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of TopBuild by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock valued at $210,000 after acquiring an additional 596 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of TopBuild by 92.9% in the 2nd quarter. Prudential Financial Inc. now owns 133,795 shares of the construction company’s stock valued at $7,101,000 after acquiring an additional 64,450 shares in the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of TopBuild in the 2nd quarter valued at $121,000. Institutional investors own 94.87% of the company’s stock.

Several research firms have recently weighed in on BLD. Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday. Nomura upgraded shares of TopBuild from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $78.00 in a research note on Monday, December 18th. ValuEngine lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and issued a $75.00 price objective on shares of TopBuild in a research note on Wednesday, October 4th. Finally, Jefferies Group began coverage on shares of TopBuild in a research note on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $68.29.

Shares of TopBuild Corp (NYSE BLD) opened at $76.89 on Friday. The company has a market cap of $2,723.60, a price-to-earnings ratio of 30.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.36. TopBuild Corp has a one year low of $36.09 and a one year high of $77.70.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. The business had revenue of $489.04 million during the quarter, compared to analyst estimates of $491.43 million. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. TopBuild’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. equities research analysts forecast that TopBuild Corp will post 2.75 earnings per share for the current fiscal year.

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TopBuild Company Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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