Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in TopBuild Corp. (NYSE:BLD)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TopBuild Corp. (NYSE:BLD) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,980 shares of the construction company’s stock after acquiring an additional 1,195 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TopBuild were worth $3,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BLD. Amundi raised its stake in shares of TopBuild by 23.9% during the 4th quarter. Amundi now owns 80,787 shares of the construction company’s stock valued at $25,811,000 after purchasing an additional 15,609 shares during the period. River Global Investors LLP increased its position in shares of TopBuild by 22.8% during the fourth quarter. River Global Investors LLP now owns 8,510 shares of the construction company’s stock valued at $2,645,000 after buying an additional 1,580 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of TopBuild by 3.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,660 shares of the construction company’s stock valued at $1,257,000 after buying an additional 112 shares during the period. Inceptionr LLC boosted its position in shares of TopBuild by 129.2% in the fourth quarter. Inceptionr LLC now owns 3,323 shares of the construction company’s stock valued at $1,035,000 after acquiring an additional 1,873 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in TopBuild during the fourth quarter valued at approximately $6,410,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Benchmark decreased their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Stock Performance

Shares of NYSE BLD opened at $299.45 on Friday. TopBuild Corp. has a 1-year low of $288.31 and a 1-year high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average is $323.89 and its 200 day moving average is $354.01. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (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 analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.69 EPS. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.