Crossmark Global Holdings Inc. Has $1.77 Million Position in TopBuild Corp. (NYSE:BLD)

Crossmark Global Holdings Inc. lifted its stake in TopBuild Corp. (NYSE:BLD) by 152.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,695 shares of the construction company’s stock after purchasing an additional 3,437 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TopBuild were worth $1,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BLD. Winch Advisory Services LLC bought a new position in TopBuild in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc boosted its stake in TopBuild by 327.3% in 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new position in TopBuild in the third quarter valued at approximately $31,000. Kennebec Savings Bank bought a new position in TopBuild in the third quarter valued at approximately $45,000. Finally, Quantbot Technologies LP bought a new position in TopBuild in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $437.00.

TopBuild Price Performance

Shares of NYSE BLD opened at $355.07 on Friday. The firm has a market cap of $10.47 billion, a PE ratio of 17.91, a PEG ratio of 2.06 and a beta of 1.84. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1-year low of $302.70 and a 1-year high of $495.68. The company has a fifty day moving average price of $344.92 and a 200 day moving average price of $378.35.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm 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 revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.43 EPS. Research analysts predict that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

TopBuild Company 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.