Victory Capital Management Inc. Has $324.43 Million Stock Holdings in TopBuild Corp. $BLD

Victory Capital Management Inc. boosted its holdings in TopBuild Corp. (NYSE:BLD) by 464.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 777,666 shares of the construction company’s stock after acquiring an additional 639,915 shares during the period. Victory Capital Management Inc.’s holdings in TopBuild were worth $324,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Greenleaf Trust grew its position in TopBuild by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after buying an additional 22 shares during the period. Root Financial Partners LLC grew its position in TopBuild by 25.3% during the fourth quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock valued at $45,000 after buying an additional 22 shares during the period. Parallel Advisors LLC increased its stake in shares of TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after purchasing an additional 25 shares in the last quarter. Xponance Inc. raised its position in shares of TopBuild by 0.8% in the third quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after purchasing an additional 27 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of TopBuild by 3.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 844 shares of the construction company’s stock valued at $330,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on BLD shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $496.00 price target (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. UBS Group set a $440.00 price target on shares of TopBuild in a research note on Wednesday, May 6th. Benchmark dropped their price target on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada raised their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Finally, DA Davidson restated a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $466.77.

TopBuild Trading Up 0.3%

Shares of TopBuild stock opened at $411.27 on Friday. TopBuild Corp. has a 1 year low of $293.14 and a 1 year high of $559.47. The firm has a market cap of $11.52 billion, a PE ratio of 23.11, a PEG ratio of 5.53 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The company has a 50 day simple moving average of $412.67 and a two-hundred day simple moving average of $433.36.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted $4.63 earnings per share. TopBuild’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.