TopBuild Corp. (NYSE:BLD) Position Cut by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. lessened its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 91.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149 shares of the construction company's stock after selling 1,698 shares during the quarter. Hanseatic Management Services Inc.'s holdings in TopBuild were worth $61,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild during the first quarter worth about $31,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of TopBuild during the second quarter worth about $30,000. Headlands Technologies LLC acquired a new position in shares of TopBuild in the first quarter worth about $56,000. UMB Bank n.a. lifted its stake in shares of TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after acquiring an additional 62 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock worth $113,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BLD. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Stephens cut their price target on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. DA Davidson cut their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday. Jefferies Financial Group cut their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Finally, Truist Financial cut their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the 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 Up 0.4 %

NYSE BLD traded up $1.37 on Thursday, hitting $372.54. 281,445 shares of the stock traded hands, compared to its average volume of 243,451. The company has a market capitalization of $11.24 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.27 and a beta of 1.79. The stock has a 50-day moving average of $385.15 and a 200 day moving average of $399.31. TopBuild Corp. has a twelve month low of $262.64 and a twelve month high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $5.43 earnings per share. As a group, analysts expect that TopBuild Corp. will post 21.03 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.