Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Position in TopBuild Corp. (NYSE:BLD)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in TopBuild Corp. (NYSE:BLD - Free Report) by 37.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,684 shares of the construction company's stock after selling 5,145 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in TopBuild were worth $3,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Flputnam Investment Management Co. increased its stake in TopBuild by 37.1% in the 4th quarter. Flputnam Investment Management Co. now owns 1,970 shares of the construction company's stock worth $737,000 after purchasing an additional 533 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in TopBuild in the 4th quarter worth approximately $221,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in TopBuild in the 4th quarter worth approximately $128,000. Louisiana State Employees Retirement System purchased a new position in TopBuild in the 4th quarter worth approximately $3,331,000. Finally, Simplicity Solutions LLC purchased a new position in TopBuild in the 4th quarter worth approximately $273,000. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Up 2.7 %

Shares of NYSE BLD traded up $10.47 during mid-day trading on Tuesday, hitting $395.13. 454,086 shares of the stock traded hands, compared to its average volume of 258,318. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. TopBuild Corp. has a 52 week low of $199.31 and a 52 week high of $452.87. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.09 and a beta of 1.66. The stock has a fifty day moving average price of $412.61 and a 200-day moving average price of $352.11.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $4.40 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 21.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BLD. Evercore ISI lifted their price target on TopBuild from $469.00 to $527.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 2nd. Truist Financial cut TopBuild from a "buy" rating to a "hold" rating and boosted their target price for the company from $290.00 to $410.00 in a research note on Thursday, January 4th. DA Davidson started coverage on TopBuild in a research note on Tuesday, March 5th. They set a "buy" rating and a $470.00 target price on the stock. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research note on Saturday, April 6th. Finally, Benchmark boosted their target price on TopBuild from $320.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $418.90.

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.