Natixis Advisors LLC Acquires New Position in TopBuild Corp. (NYSE:BLD)

Natixis Advisors LLC bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 103,195 shares of the construction company's stock, valued at approximately $41,981,000. Natixis Advisors LLC owned about 0.34% of TopBuild at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Liontrust Investment Partners LLP raised its holdings in TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after buying an additional 57,880 shares during the period. Distillate Capital Partners LLC acquired a new stake in TopBuild during the 2nd quarter worth approximately $13,832,000. Vident Advisory LLC acquired a new stake in TopBuild during the 1st quarter worth approximately $13,707,000. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of TopBuild in the third quarter valued at approximately $12,208,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of TopBuild by 29.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company's stock valued at $56,489,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Ratings Changes

BLD has been the topic of a number of recent analyst reports. Truist Financial lowered their target price on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group cut their price objective on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. DA Davidson lowered 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. Evercore ISI lowered their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, TopBuild currently has an average rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Stock Performance

Shares of TopBuild stock traded up $3.81 during trading hours on Monday, hitting $350.85. 259,937 shares of the company's stock traded hands, compared to its average volume of 287,805. TopBuild Corp. has a 12-month low of $291.98 and a 12-month high of $495.68. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.19 and a beta of 1.79. The company has a fifty day simple moving average of $383.49 and a 200-day simple moving average of $397.71. 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 announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $5.43 EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that TopBuild Corp. will post 21 EPS 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.