Fortem Financial Group LLC Grows Stock Position in TopBuild Corp. (NYSE:BLD)

Fortem Financial Group LLC raised its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 450.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,233 shares of the construction company's stock after acquiring an additional 4,283 shares during the quarter. TopBuild makes up 0.9% of Fortem Financial Group LLC's holdings, making the stock its 28th biggest position. Fortem Financial Group LLC's holdings in TopBuild were worth $2,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BLD. Pitcairn Co. grew its position in TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock valued at $903,000 after acquiring an additional 1,422 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in TopBuild by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock valued at $5,493,000 after acquiring an additional 820 shares in the last quarter. Icon Wealth Advisors LLC increased its position in shares of TopBuild by 704.6% during the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after buying an additional 2,008 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of TopBuild by 37.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after purchasing an additional 48,562 shares during the period. Finally, Bank of Montreal Can boosted its stake in TopBuild by 72.0% during the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock worth $4,600,000 after acquiring an additional 4,703 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

NYSE:BLD traded down $0.30 during trading hours on Wednesday, reaching $366.34. 216,517 shares of the company were exchanged, compared to its average volume of 287,481. TopBuild Corp. has a twelve month low of $317.72 and a twelve month high of $495.68. The stock's 50-day moving average is $377.88 and its 200-day moving average is $394.03. 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 market cap of $10.81 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last released 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. 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%. TopBuild's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.43 EPS. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. DA Davidson cut their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Finally, 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $440.44.

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.