EntryPoint Capital LLC Buys Shares of 898 TopBuild Corp. (NYSE:BLD)

EntryPoint Capital LLC purchased a new stake in TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 898 shares of the construction company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Winch Advisory Services LLC purchased a new position in TopBuild during the 4th quarter valued at about $26,000. Versant Capital Management Inc increased its stake in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC raised its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in TopBuild in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $311.34 on Friday. The company has a market cap of $9.11 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.82 and a beta of 1.89. The firm’s 50 day moving average is $320.73 and its two-hundred day moving average is $349.70. TopBuild Corp. has a fifty-two week low of $288.31 and a fifty-two week high of $495.68. 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 (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $4.69 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Analysts Set New Price Targets

BLD has been the subject of a number of analyst reports. Truist Financial cut their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Benchmark cut their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Loop Capital cut their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $403.88.

TopBuild 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.