Massachusetts Financial Services Co. MA Boosts Stake in TopBuild Corp. (NYSE:BLD)

Massachusetts Financial Services Co. MA boosted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 37.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,824 shares of the construction company's stock after purchasing an additional 48,562 shares during the period. Massachusetts Financial Services Co. MA owned 0.61% of TopBuild worth $72,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its stake in shares of TopBuild by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock valued at $5,493,000 after buying an additional 820 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of TopBuild by 29.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company's stock valued at $56,489,000 after buying an additional 30,000 shares during the period. River Global Investors LLP increased its stake in shares of TopBuild by 27.3% in the 3rd quarter. River Global Investors LLP now owns 6,930 shares of the construction company's stock valued at $2,818,000 after buying an additional 1,485 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of TopBuild in the 2nd quarter valued at $262,000. Finally, Hsbc Holdings PLC boosted its position in shares of TopBuild by 115.7% in the 2nd quarter. Hsbc Holdings PLC now owns 9,159 shares of the construction company's stock worth $3,525,000 after purchasing an additional 4,912 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. Evercore ISI reduced their price target on TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Truist Financial lowered their target price on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group lowered their target price on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Finally, Stephens lowered their price target on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $440.44.

TopBuild Trading Up 9.7 %

NYSE BLD traded up $36.10 on Monday, reaching $409.15. The company had a trading volume of 276,030 shares, compared to its average volume of 287,849. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 2.35 and a beta of 1.79. TopBuild Corp. has a fifty-two week low of $292.20 and a fifty-two week high of $495.68. The business has a 50 day moving average of $382.34 and a two-hundred day moving average of $396.05. 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 issued 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 for the quarter, compared to analysts' expectations of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.43 earnings per share. Analysts forecast that TopBuild Corp. will post 20.99 EPS for the current 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.