Taikang Asset Management Hong Kong Co Ltd Raises Holdings in TopBuild Corp. (NYSE:BLD)

Taikang Asset Management Hong Kong Co Ltd grew its stake in TopBuild Corp. (NYSE:BLD) by 44.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,870 shares of the construction company’s stock after acquiring an additional 4,870 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in TopBuild were worth $4,941,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark decreased their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Loop Capital dropped their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $403.88.

TopBuild Price Performance

Shares of BLD opened at $315.74 on Tuesday. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a fifty-two week low of $288.31 and a fifty-two 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 debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $4.69 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current 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.