AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,045 shares of the construction company's stock, valued at approximately $12,208,000. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.10% of TopBuild as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of TopBuild by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock valued at $1,317,795,000 after purchasing an additional 15,965 shares in the last quarter. Liontrust Investment Partners LLP boosted its stake in shares of TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after acquiring an additional 57,880 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of TopBuild by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company's stock valued at $100,927,000 after acquiring an additional 2,133 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock valued at $74,228,000 after acquiring an additional 25,973 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in TopBuild by 7.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company's stock worth $53,097,000 after purchasing an additional 10,000 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Truist Financial dropped their price objective on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Finally, Evercore ISI reduced their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $440.44.
Read Our Latest Analysis on BLD
TopBuild Price Performance
Shares of BLD stock traded down $3.66 during trading hours on Friday, hitting $368.89. 191,555 shares of the company's stock were exchanged, compared to its average volume of 291,728. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.82. TopBuild Corp. has a 52 week low of $262.64 and a 52 week high of $495.68. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.79. The stock's 50-day moving average is $384.66 and its 200-day moving average is $399.30.
TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the previous year, the firm earned $5.43 earnings per share. The company's revenue was up 3.6% on a year-over-year basis. As a group, research analysts forecast that TopBuild Corp. will post 21.02 EPS for the current year.
TopBuild Profile
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Free Report)
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.
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