TopBuild Corp. (NYSE:BLD) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 72.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,239 shares of the construction company's stock after buying an additional 4,703 shares during the quarter. Bank of Montreal Can's holdings in TopBuild were worth $4,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLD. Pitcairn Co. increased its stake in shares of TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after buying an additional 1,422 shares during the period. Nisa Investment Advisors LLC increased its position in shares of TopBuild by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock valued at $5,493,000 after purchasing an additional 820 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after purchasing an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after purchasing an additional 48,562 shares during the last quarter. Finally, River Global Investors LLP grew its stake in shares of TopBuild by 27.3% during the third quarter. River Global Investors LLP now owns 6,930 shares of the construction company's stock worth $2,818,000 after purchasing an additional 1,485 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stephens lowered their price objective on TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. Evercore ISI dropped their price target on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. DA Davidson cut their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Truist Financial lowered their target price on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Finally, Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $440.44.

TopBuild Stock Performance

BLD stock traded down $6.70 during trading on Wednesday, hitting $385.99. The company had a trading volume of 49,358 shares, compared to its average volume of 286,915. The firm has a 50-day moving average price of $380.66 and a 200-day moving average price of $395.04. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market cap of $11.39 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.45 and a beta of 1.79. TopBuild Corp. has a 1-year low of $308.01 and a 1-year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter in the prior year, the business earned $5.43 earnings per share. The company's quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that TopBuild Corp. will post 20.99 earnings per share for the current year.

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.