JPMorgan Chase & Co. Boosts Stock Position in TopBuild Corp. (NYSE:BLD)

JPMorgan Chase & Co. raised its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 14.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 85,613 shares of the construction company's stock after purchasing an additional 10,612 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.29% of TopBuild worth $34,828,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BLD. Commonwealth Equity Services LLC increased its position in shares of TopBuild by 21.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,404 shares of the construction company's stock worth $926,000 after buying an additional 430 shares during the period. CIBC Asset Management Inc lifted its stake in shares of TopBuild by 3.5% in the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company's stock valued at $342,000 after purchasing an additional 30 shares during the period. Arizona State Retirement System boosted its position in shares of TopBuild by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 8,906 shares of the construction company's stock valued at $3,431,000 after purchasing an additional 174 shares in the last quarter. Caprock Group LLC acquired a new stake in TopBuild during the second quarter worth approximately $594,000. Finally, Trium Capital LLP increased its holdings in TopBuild by 37.0% in the second quarter. Trium Capital LLP now owns 2,302 shares of the construction company's stock worth $887,000 after purchasing an additional 622 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Down 1.2 %

Shares of TopBuild stock traded down $3.91 on Tuesday, hitting $315.80. The company had a trading volume of 257,143 shares, compared to its average volume of 239,811. TopBuild Corp. has a 1 year low of $302.70 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a 50 day moving average of $351.43 and a 200-day moving average of $382.03. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 2.31 and a beta of 1.84.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.43 EPS. As a group, sell-side analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BLD. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and reduced their price target for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. DA Davidson reduced their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Finally, Jefferies Financial Group dropped 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $439.38.

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.