McClarren Financial Advisors Inc. Sells 694 Shares of TopBuild Corp. (NYSE:BLD)

McClarren Financial Advisors Inc. reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 45.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 823 shares of the construction company’s stock after selling 694 shares during the period. McClarren Financial Advisors Inc.’s holdings in TopBuild were worth $308,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in shares of TopBuild by 13.8% during the third quarter. FMR LLC now owns 1,100,719 shares of the construction company’s stock valued at $276,941,000 after purchasing an additional 133,835 shares in the last quarter. Invesco Ltd. increased its stake in TopBuild by 3.9% in the 3rd quarter. Invesco Ltd. now owns 880,779 shares of the construction company’s stock valued at $221,604,000 after buying an additional 32,771 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of TopBuild during the 3rd quarter worth approximately $95,147,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of TopBuild by 83.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company’s stock worth $69,190,000 after buying an additional 125,000 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of TopBuild by 1.8% in the third quarter. Northern Trust Corp now owns 265,856 shares of the construction company’s stock valued at $66,889,000 after acquiring an additional 4,811 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Performance

Shares of NYSE:BLD traded up $2.34 during trading on Thursday, hitting $390.61. 238,514 shares of the company were exchanged, compared to its average volume of 258,025. The company has a market cap of $12.43 billion, a PE ratio of 20.24, a P/E/G ratio of 2.17 and a beta of 1.66. TopBuild Corp. has a 52-week low of $199.31 and a 52-week high of $452.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The stock has a 50 day moving average of $412.55 and a 200 day moving average of $352.36.

TopBuild (NYSE:BLD) last issued its earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping the consensus estimate of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $4.40 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts predict that TopBuild Corp. will post 21.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI boosted their price objective on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. DA Davidson began coverage on shares of TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target on the stock. Bank of America raised their price objective on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group boosted their target price on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Benchmark raised their price target on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $418.90.

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.