Dixon Mitchell Investment Counsel Inc. Purchases 24,388 Shares of TopBuild Corp. (NYSE:BLD)

Dixon Mitchell Investment Counsel Inc. lifted its holdings in TopBuild Corp. (NYSE:BLD) by 63.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,601 shares of the construction company’s stock after buying an additional 24,388 shares during the quarter. Dixon Mitchell Investment Counsel Inc. owned approximately 0.21% of TopBuild worth $19,490,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in TopBuild in the third quarter worth about $31,000. Winch Advisory Services LLC bought a new position in TopBuild in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc boosted its stake 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 last quarter. Quantbot Technologies LP bought a new position in shares of TopBuild during the third quarter valued at $45,000. Finally, Kennebec Savings Bank purchased a new stake in shares of TopBuild during the third quarter valued at $45,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of BLD stock opened at $344.10 on Thursday. The company’s 50-day simple moving average is $346.81 and its two-hundred day simple moving average is $379.53. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a one year low of $302.70 and a one year high of $495.68. The company has a market capitalization of $10.15 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.84 and a beta of 1.84.

TopBuild (NYSE:BLD) last issued its quarterly 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. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $5.43 earnings per share. As a group, equities analysts anticipate that TopBuild Corp. will post 20.95 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BLD. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Jefferies Financial Group cut their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group cut their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, DA Davidson dropped their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have issued 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 target price of $437.00.

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.