Union Bancaire Privee UBP SA Makes New Investment in TopBuild Corp. (NYSE:BLD)

Union Bancaire Privee UBP SA acquired a new position in shares of TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,666 shares of the construction company’s stock, valued at approximately $1,450,000.

A number of other hedge funds have also modified their holdings of the company. Navellier & Associates Inc. grew its holdings in shares of TopBuild by 4.9% during the fourth quarter. Navellier & Associates Inc. now owns 4,414 shares of the construction company’s stock worth $1,374,000 after buying an additional 206 shares in the last quarter. PYA Waltman Capital LLC grew its holdings in shares of TopBuild by 11.7% during the fourth quarter. PYA Waltman Capital LLC now owns 4,367 shares of the construction company’s stock worth $1,360,000 after buying an additional 457 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of TopBuild by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock worth $301,000 after buying an additional 48 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of TopBuild by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 116,612 shares of the construction company’s stock worth $36,306,000 after buying an additional 1,265 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its holdings in shares of TopBuild by 0.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock worth $1,681,000 after buying an additional 40 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. DA Davidson reduced their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group reduced their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $437.00.

TopBuild Stock Performance

BLD opened at $303.78 on Monday. TopBuild Corp. has a 12-month low of $302.27 and a 12-month high of $495.68. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.92 and a beta of 1.85. The business has a 50 day moving average of $327.76 and a 200-day moving average of $362.23. 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 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.