Taikang Asset Management Hong Kong Co Ltd Acquires 4,870 Shares of TopBuild Corp. (NYSE:BLD)

Taikang Asset Management Hong Kong Co Ltd raised its stake in shares of TopBuild Corp. (NYSE:BLD) by 44.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,870 shares of the construction company’s stock after acquiring an additional 4,870 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd owned approximately 0.05% of TopBuild worth $4,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its stake in TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares during the last quarter. State Street Corp grew its position in shares of TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after buying an additional 34,911 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after acquiring an additional 12,909 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of TopBuild by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock worth $91,076,000 after acquiring an additional 11,762 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in TopBuild by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company’s stock valued at $78,329,000 after acquiring an additional 18,174 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BLD. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group lowered their price target 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. Benchmark dropped 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. Finally, Loop Capital decreased their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.88.

TopBuild Stock Up 5.8 %

BLD stock opened at $315.74 on Tuesday. The stock has a market capitalization of $9.23 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 52 week low of $288.31 and a 52 week high of $495.68. The firm has a 50-day simple moving average of $322.43 and a 200-day simple moving average of $350.56. 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 (NYSE:BLD) last announced its 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. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.69 earnings per share. Equities analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.