Boston Common Asset Management LLC decreased its position in TopBuild Corp. (NYSE:BLD - Free Report) by 37.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,633 shares of the construction company's stock after selling 13,601 shares during the period. Boston Common Asset Management LLC owned approximately 0.08% of TopBuild worth $7,047,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. TFG Advisers LLC boosted its position in shares of TopBuild by 1.1% during the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company's stock valued at $1,210,000 after purchasing an additional 31 shares in the last quarter. CIBC Asset Management Inc lifted its stake in TopBuild by 3.6% in the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company's stock valued at $374,000 after buying an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of TopBuild by 0.6% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company's stock worth $2,181,000 after buying an additional 33 shares in the last quarter. CWM LLC grew its position in shares of TopBuild by 10.3% during the 3rd quarter. CWM LLC now owns 387 shares of the construction company's stock worth $157,000 after buying an additional 36 shares during the period. Finally, Atlanta Consulting Group Advisors LLC increased its stake in shares of TopBuild by 1.5% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company's stock valued at $1,098,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 95.67% of the company's stock.
TopBuild Price Performance
BLD stock traded up $0.86 during mid-day trading on Friday, reaching $346.72. 210,749 shares of the company traded hands, compared to its average volume of 285,998. The company has a fifty day moving average price of $345.83 and a 200-day moving average price of $379.06. TopBuild Corp. has a 52-week low of $302.70 and a 52-week high of $495.68. The company has a market capitalization of $10.23 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.84 and a beta of 1.84. 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 (NYSE:BLD - Get Free Report) last issued its quarterly earnings data 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 company 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 firm's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.43 earnings per share. As a group, analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday. Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Evercore ISI downgraded TopBuild from an "outperform" rating to an "inline" rating and decreased their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $437.00.
Get Our Latest Stock Analysis on TopBuild
About TopBuild
(
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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