TT International Asset Management LTD Has $5.85 Million Position in TopBuild Corp. (NYSE:BLD)

TT International Asset Management LTD increased its position in TopBuild Corp. (NYSE:BLD) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,781 shares of the construction company’s stock after buying an additional 4,694 shares during the quarter. TopBuild accounts for approximately 0.9% of TT International Asset Management LTD’s investment portfolio, making the stock its 15th largest position. TT International Asset Management LTD’s holdings in TopBuild were worth $5,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BLD. Versant Capital Management Inc increased its position 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 purchasing an additional 72 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild during the 2nd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild during the 3rd quarter valued at approximately $31,000. Kennebec Savings Bank acquired a new stake in TopBuild during the 3rd quarter valued at approximately $45,000. Finally, Quantbot Technologies LP acquired a new stake in TopBuild during the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD stock opened at $313.95 on Monday. TopBuild Corp. has a 52 week low of $302.70 and a 52 week high of $495.68. The firm has a 50 day moving average of $349.20 and a 200-day moving average of $380.62. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 2.31 and a beta of 1.84.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $5.43 EPS. TopBuild’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of recent analyst reports. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Jefferies Financial Group decreased their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and reduced their price objective 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $439.38.

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.