Raymond James Financial Inc. Invests $6.41 Million in TopBuild Corp. (NYSE:BLD)

Raymond James Financial Inc. acquired a new stake in TopBuild Corp. (NYSE:BLD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,588 shares of the construction company’s stock, valued at approximately $6,410,000.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after buying an additional 161,743 shares in the last quarter. State Street Corp raised its position in TopBuild by 3.2% during the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after acquiring an additional 34,911 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after purchasing an additional 12,909 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of TopBuild by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock valued at $91,076,000 after purchasing an additional 11,762 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of TopBuild by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company’s stock valued at $78,329,000 after purchasing an additional 18,174 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

BLD opened at $315.74 on Tuesday. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68. The company’s 50 day simple moving average is $322.43 and its 200 day simple moving average is $350.56. The stock has a market capitalization of $9.23 billion, a PE ratio of 15.93, a P/E/G ratio of 1.82 and a beta of 1.89. 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 (NYSE:BLD) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company 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 business posted $4.69 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on BLD shares. Benchmark dropped their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Truist Financial reduced their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average 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.