Washington Capital Management Inc. Invests $280,000 in TopBuild Corp. (NYSE:BLD)

Washington Capital Management Inc. bought a new stake in shares of TopBuild Corp. (NYSE:BLD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 900 shares of the construction company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also bought and sold shares of BLD. R Squared Ltd purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $72,000. Pacer Advisors Inc. raised its holdings in TopBuild by 16.9% during the 4th quarter. Pacer Advisors Inc. now owns 8,164 shares of the construction company’s stock valued at $2,542,000 after buying an additional 1,181 shares during the last quarter. KBC Group NV boosted its position in TopBuild by 377.1% during the 4th quarter. KBC Group NV now owns 10,338 shares of the construction company’s stock valued at $3,219,000 after buying an additional 8,171 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of TopBuild in the fourth quarter valued at about $1,450,000. Finally, Blue Trust Inc. increased its position in shares of TopBuild by 18.0% in the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company’s stock valued at $137,000 after acquiring an additional 67 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group cut their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. The Goldman Sachs Group decreased 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. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

TopBuild Stock Up 0.0 %

Shares of TopBuild stock opened at $341.30 on Thursday. 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 company has a 50-day moving average of $344.69 and a 200 day moving average of $376.64. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.08 and a beta of 1.84.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $5.43 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

TopBuild Company 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.