Charles Schwab Investment Management Inc. Purchases 5,982 Shares of TopBuild Corp. (NYSE:BLD)

Charles Schwab Investment Management Inc. increased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,414 shares of the construction company's stock after acquiring an additional 5,982 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.79% of TopBuild worth $94,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BLD. Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild in the second quarter worth $30,000. Kennebec Savings Bank bought a new stake in shares of TopBuild during the 3rd quarter valued at about $45,000. UMB Bank n.a. increased its position in shares of TopBuild by 87.3% during the third 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. increased its position in shares of TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock valued at $113,000 after buying an additional 63 shares during the period. Finally, Fifth Third Bancorp raised its stake in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company's stock worth $128,000 after buying an additional 31 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Truist Financial reduced their target price on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. StockNews.com raised 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 for the company in a research report on Thursday, November 7th. Evercore ISI dropped their target price on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Finally, Stephens decreased their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Stock Up 0.5 %

NYSE:BLD traded up $2.05 on Wednesday, reaching $390.00. 191,410 shares of the stock traded hands, compared to its average volume of 289,200. The company's fifty day simple moving average is $382.34 and its 200 day simple moving average is $395.86. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.56 and a beta of 1.79. TopBuild Corp. has a 12 month low of $292.20 and a 12 month high of $495.68. 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 (NYSE:BLD - Get Free Report) last announced its quarterly earnings data 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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $5.43 EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict 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.