Invesco Ltd. Raises Stake in TopBuild Corp. (NYSE:BLD)

Invesco Ltd. grew its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 595,338 shares of the construction company's stock after purchasing an additional 75,713 shares during the quarter. Invesco Ltd. owned about 2.02% of TopBuild worth $185,353,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Winch Advisory Services LLC acquired a new position in shares of TopBuild in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc increased its stake in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in TopBuild in the third quarter worth approximately $31,000. V Square Quantitative Management LLC increased its position in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after acquiring an additional 42 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in TopBuild during the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group cut their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Benchmark decreased their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and an average price target of $398.56.

TopBuild Stock Performance

BLD stock traded up $4.65 during trading on Thursday, hitting $283.94. 44,640 shares of the company traded hands, compared to its average volume of 316,717. The company has a market cap of $8.30 billion, a PE ratio of 14.31, 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 current ratio of 2.01 and a quick ratio of 1.49. The stock's 50-day simple moving average is $304.26 and its 200 day simple moving average is $338.97. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68.

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, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $4.69 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.