Cerity Partners LLC Has $2.81 Million Holdings in TopBuild Corp. (NYSE:BLD)

Cerity Partners LLC grew its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 369.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,900 shares of the construction company's stock after buying an additional 5,431 shares during the period. Cerity Partners LLC's holdings in TopBuild were worth $2,807,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $30,000. Kennebec Savings Bank acquired a new stake in TopBuild during the third quarter worth $45,000. UMB Bank n.a. increased its holdings in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock valued at $54,000 after buying an additional 62 shares during the period. Blue Trust Inc. raised its stake in shares of TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock valued at $113,000 after buying an additional 63 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company's stock worth $128,000 after acquiring an additional 31 shares during the period. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BLD. DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group dropped 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. Truist Financial decreased their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Evercore ISI dropped their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, Stephens reduced their target price on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Price Performance

Shares of TopBuild stock traded up $0.64 during trading on Friday, reaching $390.64. The company's stock had a trading volume of 129,655 shares, compared to its average volume of 319,217. The stock has a 50-day moving average price of $381.28 and a two-hundred day moving average price of $395.47. The stock has a market capitalization of $11.52 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a one year low of $292.50 and a one year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts' consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $5.43 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.99 EPS for the current fiscal 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.