Fort Washington Investment Advisors Inc. OH Boosts Holdings in TopBuild Corp. (NYSE:BLD)

Fort Washington Investment Advisors Inc. OH lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 51.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,159 shares of the construction company’s stock after purchasing an additional 16,090 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.16% of TopBuild worth $14,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC acquired a new position in TopBuild in the 4th quarter worth $26,000. Versant Capital Management Inc lifted its stake in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in TopBuild in the third quarter valued at about $31,000. Kennebec Savings Bank acquired a new stake in TopBuild during the 3rd quarter valued at approximately $45,000. Finally, Quantbot Technologies LP purchased a new stake in TopBuild during the 3rd quarter worth approximately $45,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Up 1.1 %

NYSE:BLD opened at $354.53 on Thursday. The firm has a market capitalization of $10.46 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.04 and a beta of 1.84. The business has a 50 day simple moving average of $345.09 and a 200 day simple moving average of $378.51. 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 Corp. has a 12-month low of $302.70 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.43 earnings per share. Equities research analysts predict that TopBuild Corp. will post 20.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BLD shares. DA Davidson reduced their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group cut their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and cut their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Three 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 presently has an average rating of “Moderate Buy” and an average price target of $437.00.

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.