Pitcairn Co. Buys 84 Shares of TopBuild Corp. (NYSE:BLD)

Pitcairn Co. boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,304 shares of the construction company’s stock after acquiring an additional 84 shares during the period. Pitcairn Co.’s holdings in TopBuild were worth $717,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $31,000. Winch Advisory Services LLC acquired a new position in TopBuild during the fourth quarter worth $26,000. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 72 shares in the last quarter. Quantbot Technologies LP acquired a new stake in TopBuild in the 3rd quarter worth about $45,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of BLD opened at $303.28 on Friday. The stock has a market cap of $8.87 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.77. 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 1-year low of $272.24 and a 1-year high of $495.68. The firm has a fifty day moving average price of $314.95 and a 200 day moving average price of $346.79.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business earned $4.69 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research report on Tuesday. They set a “buy” rating and a $356.00 price objective on the stock. The Goldman Sachs Group lowered their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Benchmark reduced their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus 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.