TopBuild Corp. (NYSE:BLD) Shares Bought by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP raised its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 224.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,879 shares of the construction company's stock after acquiring an additional 12,364 shares during the quarter. TopBuild makes up 0.8% of Pinnbrook Capital Management LP's portfolio, making the stock its 27th biggest holding. Pinnbrook Capital Management LP owned approximately 0.06% of TopBuild worth $6,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its holdings in shares of TopBuild by 2.4% in the fourth quarter. Panagora Asset Management Inc. now owns 1,102 shares of the construction company's stock worth $412,000 after acquiring an additional 26 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in TopBuild by 6.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 458 shares of the construction company's stock valued at $171,000 after purchasing an additional 28 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in TopBuild by 1.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 2,273 shares of the construction company's stock valued at $851,000 after purchasing an additional 41 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in TopBuild by 37.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company's stock valued at $40,000 after purchasing an additional 43 shares during the last quarter. Finally, Greenleaf Trust increased its stake in TopBuild by 4.1% in the fourth quarter. Greenleaf Trust now owns 1,133 shares of the construction company's stock valued at $424,000 after purchasing an additional 45 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BLD shares. Bank of America upped their target price on TopBuild from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. upgraded TopBuild from a "neutral" rating to an "overweight" rating and upped their target price for the company from $312.00 to $387.00 in a research note on Thursday, December 14th. Loop Capital upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Monday, January 8th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, DA Davidson started coverage on TopBuild in a research note on Tuesday, March 5th. They set a "buy" rating and a $470.00 price target for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $401.40.

TopBuild Stock Down 2.1 %

Shares of NYSE BLD traded down $9.39 on Monday, hitting $437.52. The company had a trading volume of 217,295 shares, compared to its average volume of 249,994. TopBuild Corp. has a 12-month low of $190.18 and a 12-month high of $452.87. The business has a 50 day moving average of $407.50 and a two-hundred day moving average of $339.88. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $13.92 billion, a P/E ratio of 22.63, a PEG ratio of 2.15 and a beta of 1.66.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, topping the consensus estimate of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $4.40 earnings per share. The company's revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that TopBuild Corp. will post 20.98 earnings per share 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.

Want to see what other hedge funds are holding BLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TopBuild Corp. (NYSE:BLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.