Distillate Capital Partners LLC Raises Holdings in TopBuild Corp. (NYSE:BLD)

Distillate Capital Partners LLC increased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,075 shares of the construction company's stock after purchasing an additional 10,565 shares during the quarter. Distillate Capital Partners LLC owned about 0.17% of TopBuild worth $15,590,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Winch Advisory Services LLC purchased a new position in TopBuild during the 4th quarter valued at about $26,000. Versant Capital Management Inc grew its stake in TopBuild by 327.3% during the fourth 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 stake in TopBuild during the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC lifted its stake in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in TopBuild in the 3rd quarter valued at $54,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLD has been the topic of several research analyst reports. StockNews.com cut shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target for the company. Loop Capital decreased their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Truist Financial dropped their target price on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Four equities research 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $398.56.

TopBuild Price Performance

NYSE BLD traded up $6.36 on Thursday, reaching $285.65. 232,488 shares of the company's stock traded hands, compared to its average volume of 317,444. The stock has a market cap of $8.35 billion, a PE ratio of 14.41, a P/E/G ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The stock has a 50-day simple moving average of $304.26 and a 200 day simple moving average of $338.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $4.69 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current 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.