TopBuild Corp. (NYSE:BLD) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in TopBuild Corp. (NYSE:BLD) by 4.9% during the fourth quarter, Holdings Channel reports. The fund owned 871,495 shares of the construction company’s stock after purchasing an additional 40,916 shares during the quarter. Pictet Asset Management Holding SA’s holdings in TopBuild were worth $271,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Winch Advisory Services LLC bought a new stake in shares of TopBuild during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc raised its stake in TopBuild by 327.3% during the 4th 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 position in TopBuild during the 3rd quarter worth $31,000. V Square Quantitative Management LLC grew its stake in shares of 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 purchasing an additional 42 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of TopBuild during the third quarter valued at $45,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Down 0.2 %

Shares of NYSE BLD opened at $311.34 on Friday. 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 Corp. has a 12 month low of $288.31 and a 12 month high of $495.68. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.82 and a beta of 1.89. The business has a fifty day simple moving average of $320.73 and a 200-day simple moving average of $349.70.

TopBuild (NYSE:BLD) last posted its quarterly earnings data 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 company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.69 earnings per share. Sell-side analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of recent analyst reports. Loop Capital decreased their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Truist Financial dropped their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and cut their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $403.88.

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.