Raymond James Financial Inc. Buys Shares of 20,588 TopBuild Corp. (NYSE:BLD)

Raymond James Financial Inc. bought a new position in TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 20,588 shares of the construction company's stock, valued at approximately $6,410,000. Raymond James Financial Inc. owned approximately 0.07% of TopBuild as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Winch Advisory Services LLC acquired a new position in shares of TopBuild in the fourth quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after buying an additional 72 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in TopBuild during the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC boosted its holdings 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 valued at $37,000 after acquiring an additional 42 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of TopBuild during the third quarter worth $54,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLD has been the topic of several analyst reports. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Benchmark decreased their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Loop Capital decreased their price objective 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, The Goldman Sachs Group reduced 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $398.56.

TopBuild Trading Down 0.4 %

TopBuild stock traded down $1.32 during midday trading on Wednesday, hitting $295.64. 198,096 shares of the stock were exchanged, compared to its average volume of 314,662. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.82 and a beta of 1.78. The stock's 50-day simple moving average is $298.19 and its 200 day simple moving average is $331.97. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the prior year, the company posted $4.69 earnings per share. TopBuild's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

About TopBuild

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.