Crossmark Global Holdings Inc. Lowers Stock Position in TopBuild Corp. (NYSE:BLD)

Crossmark Global Holdings Inc. trimmed its position in TopBuild Corp. (NYSE:BLD - Free Report) by 71.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,258 shares of the construction company's stock after selling 5,592 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in TopBuild were worth $919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in TopBuild by 18.2% during the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock worth $74,228,000 after acquiring an additional 25,973 shares in the last quarter. Forge First Asset Management Inc. acquired a new position in shares of TopBuild in the first quarter valued at approximately $16,158,000. Russell Investments Group Ltd. increased its stake in TopBuild by 12.1% during the 1st quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company's stock worth $15,928,000 after buying an additional 3,899 shares during the period. Nisa Investment Advisors LLC lifted its holdings in TopBuild by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock worth $5,493,000 after buying an additional 820 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock valued at $1,317,795,000 after buying an additional 15,965 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. Evercore ISI cut their price target on TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. DA Davidson reduced their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Stephens reduced their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Finally, Jefferies Financial Group lowered their target price on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Stock Performance

Shares of BLD stock traded down $14.83 during trading hours on Friday, hitting $348.39. The stock had a trading volume of 281,333 shares, compared to its average volume of 287,373. The stock's 50 day moving average is $383.75 and its 200 day moving average is $398.30. TopBuild Corp. has a twelve month low of $290.00 and a twelve month high of $495.68. The firm has a market capitalization of $10.28 billion, a PE ratio of 18.33, a PEG ratio of 2.26 and a beta of 1.79. 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 posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business posted $5.43 earnings per share. TopBuild's quarterly revenue was up 3.6% on a year-over-year basis. As a group, research analysts forecast that TopBuild Corp. will post 21 earnings per share 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.