Northern Trust Corp Acquires 62,216 Shares of TopBuild Corp. (NYSE:BLD)

Northern Trust Corp lifted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 315,221 shares of the construction company's stock after purchasing an additional 62,216 shares during the period. Northern Trust Corp owned about 1.07% of TopBuild worth $98,141,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new position in shares of TopBuild in the third quarter worth $54,000. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild during the third quarter valued at approximately $31,000. JPMorgan Chase & Co. boosted its holdings in TopBuild by 14.1% in the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company's stock valued at $34,828,000 after acquiring an additional 10,612 shares in the last quarter. Versant Capital Management Inc raised 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 purchasing an additional 72 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of TopBuild during the 4th quarter valued at about $290,000. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Performance

BLD stock traded down $0.42 during trading on Wednesday, reaching $284.73. The stock had a trading volume of 450,154 shares, compared to its average volume of 315,935. The firm has a market cap of $8.33 billion, a PE ratio of 14.37, a PEG ratio of 1.82 and a beta of 1.72. 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's 50 day moving average is $297.28 and its two-hundred day moving average is $328.33. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $4.81 earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analyst Weigh In

BLD has been the topic of several research reports. Benchmark reduced their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Truist Financial reduced their target price on shares of 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 on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. Finally, Loop Capital dropped their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $398.56.

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.