Pinebridge Investments L.P. Has $4.90 Million Holdings in TopBuild Corp. (NYSE:BLD)

Pinebridge Investments L.P. grew its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 65.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,745 shares of the construction company's stock after acquiring an additional 6,209 shares during the period. Pinebridge Investments L.P. owned 0.05% of TopBuild worth $4,902,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Anchor Investment Management LLC grew its holdings in TopBuild by 10.3% in the 3rd quarter. Anchor Investment Management LLC now owns 888 shares of the construction company's stock valued at $361,000 after buying an additional 83 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of TopBuild in the third quarter valued at about $54,000. Wilmington Savings Fund Society FSB bought a new position in TopBuild during the third quarter worth about $31,000. JPMorgan Chase & Co. boosted its holdings in TopBuild by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company's stock valued at $34,828,000 after purchasing an additional 10,612 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Price Performance

Shares of NYSE BLD traded down $3.70 during midday trading on Wednesday, reaching $293.26. 27,050 shares of the company were exchanged, compared to its average volume of 313,674. The stock's 50-day moving average price is $298.35 and its 200-day moving average price is $332.23. The stock has a market cap of $8.58 billion, a P/E ratio of 14.80, a PEG ratio of 1.82 and a beta of 1.78. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a one year low of $266.26 and a one year 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 earnings per share for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.69 EPS. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Loop Capital dropped their price target 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. Benchmark cut their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Truist Financial decreased their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group cut their price objective 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. Finally, StockNews.com cut shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $398.56.

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.