Citigroup Inc. Purchases 9,087 Shares of TopBuild Corp. (NYSE:BLD)

Citigroup Inc. raised its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 41.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,877 shares of the construction company's stock after acquiring an additional 9,087 shares during the quarter. Citigroup Inc. owned approximately 0.10% of TopBuild worth $12,561,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild during the second quarter valued at approximately $30,000. Kennebec Savings Bank purchased a new position in TopBuild in the third quarter valued at about $45,000. UMB Bank n.a. grew its stake in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock valued at $54,000 after purchasing an additional 62 shares in the last quarter. Blue Trust Inc. increased its position in TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock worth $113,000 after purchasing an additional 63 shares during 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 valued at $128,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BLD. Stephens dropped their price objective on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Evercore ISI cut their price target 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. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. DA Davidson cut their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Finally, Truist Financial reduced their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has a consensus rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Stock Performance

NYSE:BLD traded up $0.64 during mid-day trading on Friday, hitting $390.64. 129,654 shares of the company's stock traded hands, compared to its average volume of 288,510. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $381.59 and a two-hundred day moving average of $395.77. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. TopBuild Corp. has a 12 month low of $292.50 and a 12 month high of $495.68.

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 (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for 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%. TopBuild's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $5.43 earnings per share. On average, equities analysts forecast that TopBuild Corp. will post 20.99 earnings per share for the current fiscal year.

About TopBuild

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.