First Trust Advisors LP Buys 10,237 Shares of TopBuild Corp. (NYSE:BLD)

First Trust Advisors LP grew its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 51,390 shares of the construction company's stock after purchasing an additional 10,237 shares during the quarter. First Trust Advisors LP owned 0.17% of TopBuild worth $16,000,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Pictet Asset Management Holding SA grew its holdings in shares of TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock valued at $271,331,000 after buying an additional 40,916 shares in the last quarter. Invesco Ltd. increased its stake in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock worth $185,353,000 after purchasing an additional 75,713 shares during the period. Norges Bank acquired a new position in shares of TopBuild during the fourth quarter worth approximately $108,688,000. Vaughan Nelson Investment Management L.P. grew its position in TopBuild by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock worth $91,076,000 after purchasing an additional 11,762 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in TopBuild by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock worth $78,329,000 after buying an additional 18,174 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

BLD has been the topic of several analyst reports. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Loop Capital dropped their target price on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Truist Financial cut their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $398.56.

TopBuild Price Performance

BLD traded up $3.66 during midday trading on Thursday, hitting $299.42. The company had a trading volume of 158,487 shares, compared to its average volume of 314,154. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The firm's 50-day simple moving average is $298.19 and its 200-day simple moving average is $331.97. The company has a market capitalization of $8.76 billion, a PE ratio of 15.17, a P/E/G ratio of 1.82 and a beta of 1.78. 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 - Get Free Report) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.69 earnings per share. Equities research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild 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.