Barclays PLC Sells 3,974 Shares of TopBuild Corp. (NYSE:BLD)

Barclays PLC reduced its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 14.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,447 shares of the construction company's stock after selling 3,974 shares during the quarter. Barclays PLC owned approximately 0.08% of TopBuild worth $9,945,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild in the 2nd quarter worth about $30,000. Kennebec Savings Bank bought a new stake in shares of TopBuild in the 3rd quarter valued at approximately $45,000. Quantbot Technologies LP bought a new stake in shares of TopBuild in the 3rd quarter valued at approximately $45,000. UMB Bank n.a. increased its holdings in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after buying an additional 62 shares during the last quarter. Finally, Private Trust Co. NA raised its position in TopBuild by 151.4% during the third quarter. Private Trust Co. NA now owns 176 shares of the construction company's stock valued at $72,000 after acquiring an additional 106 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLD. Evercore ISI lowered shares of TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the company from $443.00 to $381.00 in a research note on Monday. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. DA Davidson lowered their price objective on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group reduced their target price on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Finally, Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $439.38.

TopBuild Price Performance

Shares of TopBuild stock traded down $1.67 during trading on Tuesday, hitting $338.29. 373,954 shares of the company's stock traded hands, compared to its average volume of 287,964. TopBuild Corp. has a twelve month low of $331.22 and a twelve month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market cap of $9.98 billion, a PE ratio of 17.07, a PEG ratio of 2.31 and a beta of 1.79. The firm's fifty day moving average price is $373.62 and its 200 day moving average price is $391.93.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company earned $5.43 EPS. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts forecast that TopBuild Corp. will post 20.95 earnings per share 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.