TopBuild Corp. (NYSE:BLD) Shares Sold by Algert Global LLC

Algert Global LLC decreased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 56.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,144 shares of the construction company's stock after selling 5,270 shares during the quarter. Algert Global LLC's holdings in TopBuild were worth $1,686,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in shares of TopBuild by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 17,713 shares of the construction company's stock valued at $7,807,000 after acquiring an additional 94 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of TopBuild by 99.3% in the 1st quarter. iA Global Asset Management Inc. now owns 3,341 shares of the construction company's stock worth $1,472,000 after purchasing an additional 1,665 shares during the period. Swedbank AB bought a new position in shares of TopBuild during the 1st quarter valued at approximately $12,275,000. Cetera Investment Advisers raised its holdings in TopBuild by 152.4% during the 1st quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company's stock valued at $1,745,000 after buying an additional 2,391 shares during the period. Finally, Cetera Advisors LLC bought a new stake in TopBuild in the first quarter worth $413,000. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BLD. Jefferies Financial Group cut their price objective on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. DA Davidson cut their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $440.44.

TopBuild Trading Up 0.5 %

NYSE:BLD traded up $2.05 during midday trading on Thursday, hitting $390.00. The stock had a trading volume of 191,657 shares, compared to its average volume of 289,200. The stock has a 50-day moving average of $382.18 and a 200 day moving average of $395.81. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.56 and a beta of 1.79. TopBuild Corp. has a one year low of $292.20 and a one year 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 - Get Free Report) last posted 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $5.43 EPS. The business's revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that TopBuild Corp. will post 20.99 EPS for the current year.

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.