Empowered Funds LLC Increases Stock Position in TopBuild Corp. (NYSE:BLD)

Empowered Funds LLC boosted its position in TopBuild Corp. (NYSE:BLD - Free Report) by 438.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,920 shares of the construction company's stock after buying an additional 19,478 shares during the period. Empowered Funds LLC owned approximately 0.08% of TopBuild worth $9,731,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock worth $1,317,795,000 after acquiring an additional 15,965 shares during the period. Liontrust Investment Partners LLP lifted its position in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after purchasing an additional 57,880 shares during the last quarter. Bank of New York Mellon Corp grew its position in TopBuild by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company's stock worth $100,927,000 after acquiring an additional 2,133 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of TopBuild by 18.2% in the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock worth $74,228,000 after purchasing an additional 25,973 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in TopBuild by 7.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company's stock valued at $53,097,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

BLD has been the subject of several analyst reports. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. DA Davidson reduced their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Truist Financial dropped their price objective on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group decreased 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Stock Down 4.5 %

Shares of BLD traded down $16.18 on Friday, hitting $347.04. 405,194 shares of the stock traded hands, compared to its average volume of 287,931. TopBuild Corp. has a one year low of $290.00 and a one year high of $495.68. The company has a market capitalization of $10.24 billion, a PE ratio of 17.51, a P/E/G ratio of 2.26 and a beta of 1.79. The business has a 50 day simple moving average of $383.49 and a 200 day simple moving average of $397.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter in the prior year, the business earned $5.43 EPS. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that TopBuild Corp. will post 21 earnings per share for the current fiscal year.

TopBuild 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.