F M Investments LLC Makes New Investment in TopBuild Corp. (NYSE:BLD)

F M Investments LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 979 shares of the construction company's stock, valued at approximately $305,000.

Other hedge funds also recently made changes to their positions in the company. Sheaff Brock Investment Advisors LLC boosted its holdings in TopBuild by 0.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock worth $1,681,000 after purchasing an additional 40 shares during the period. V Square Quantitative Management LLC lifted its position in shares of TopBuild by 55.3% in the 4th 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 during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of TopBuild by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after buying an additional 48 shares during the period. Trust Co. of Vermont grew its position in shares of TopBuild by 21.8% during the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after buying an additional 55 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of TopBuild by 18.0% during the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Price Performance

Shares of BLD stock traded up $6.36 during midday trading on Friday, reaching $285.65. 232,488 shares of the company were exchanged, compared to its average volume of 317,069. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. 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 company has a market cap of $8.35 billion, a P/E ratio of 14.41, a PEG ratio of 1.82 and a beta of 1.78. The company's 50 day moving average price is $303.37 and its two-hundred day moving average price is $338.14.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $4.69 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Loop Capital dropped their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Benchmark reduced their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Truist Financial lowered their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $398.56.

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.