Planned Solutions Inc. Purchases Shares of 300 TopBuild Corp. (NYSE:BLD)

Planned Solutions Inc. purchased a new stake in TopBuild Corp. (NYSE:BLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 300 shares of the construction company’s stock, valued at approximately $112,000.

Several other large investors have also recently bought and sold shares of BLD. FMR LLC lifted its holdings in shares of TopBuild by 13.8% during the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock worth $276,941,000 after acquiring an additional 133,835 shares during the last quarter. State Street Corp lifted its stake in TopBuild by 0.8% in the second quarter. State Street Corp now owns 1,006,208 shares of the construction company’s stock worth $267,671,000 after purchasing an additional 7,955 shares during the last quarter. Capital International Investors lifted its stake in TopBuild by 135.6% in the first quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock worth $165,778,000 after purchasing an additional 526,053 shares during the last quarter. Invesco Ltd. lifted its stake in TopBuild by 3.9% in the third quarter. Invesco Ltd. now owns 880,779 shares of the construction company’s stock worth $221,604,000 after purchasing an additional 32,771 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in TopBuild by 230.1% in the fourth quarter. Millennium Management LLC now owns 864,237 shares of the construction company’s stock worth $135,244,000 after purchasing an additional 602,416 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

BLD stock opened at $438.46 on Thursday. TopBuild Corp. has a 12 month low of $184.50 and a 12 month high of $441.39. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $396.58 and a 200 day moving average price of $329.64. The stock has a market cap of $13.95 billion, a PE ratio of 22.68, a P/E/G ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.09. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.40 EPS. Equities research analysts anticipate that TopBuild Corp. will post 20.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLD. DA Davidson began coverage on shares of TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target for the company. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Benchmark boosted their price objective on shares of TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. upgraded shares of TopBuild from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $312.00 to $387.00 in a research report on Thursday, December 14th. Finally, Evercore ISI boosted their price target on shares of TopBuild from $368.00 to $441.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $392.80.

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.