Sheaff Brock Investment Advisors LLC Increases Position in TopBuild Corp. (NYSE:BLD)

Sheaff Brock Investment Advisors LLC raised its holdings in TopBuild Corp. (NYSE:BLD) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,400 shares of the construction company’s stock after acquiring an additional 40 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in TopBuild were worth $1,681,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. purchased a new position in TopBuild during the third quarter worth approximately $114,220,000. FMR LLC raised its holdings in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares during the period. Jennison Associates LLC grew its holdings in shares of TopBuild by 2,833.6% in the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after purchasing an additional 110,143 shares during the period. Natixis Advisors LLC acquired a new stake in TopBuild during the third quarter worth about $41,981,000. Finally, E. Ohman J or Asset Management AB acquired a new stake in TopBuild during the fourth quarter worth about $23,906,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BLD shares. DA Davidson dropped their price target on shares of 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 cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and cut their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lowered their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $437.00.

TopBuild Stock Performance

NYSE BLD opened at $325.89 on Friday. The company has a market cap of $9.61 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.03 and a beta of 1.85. TopBuild Corp. has a 1-year low of $302.70 and a 1-year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a 50-day moving average of $332.19 and a two-hundred day moving average of $366.42.

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.