Edgestream Partners L.P. Has $2.93 Million Stock Position in TopBuild Corp. (NYSE:BLD)

Edgestream Partners L.P. boosted its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 274.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,614 shares of the construction company's stock after buying an additional 5,578 shares during the quarter. Edgestream Partners L.P.'s holdings in TopBuild were worth $2,933,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock worth $1,317,795,000 after buying an additional 15,965 shares during the last quarter. Capital International Investors raised its position in shares of TopBuild by 14.0% in the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company's stock worth $605,200,000 after buying an additional 198,614 shares during the period. Norges Bank acquired a new position in TopBuild in the fourth quarter valued at $154,983,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in TopBuild by 53.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock valued at $140,993,000 after acquiring an additional 130,563 shares during the period. Finally, Liontrust Investment Partners LLP increased its stake in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Trading Up 5.5 %

NYSE:BLD traded up $21.76 on Thursday, reaching $419.82. The company's stock had a trading volume of 421,114 shares, compared to its average volume of 290,580. TopBuild Corp. has a 1-year low of $217.08 and a 1-year high of $495.68. The business's 50-day moving average price is $405.80 and its two-hundred day moving average price is $407.07. The firm has a market cap of $13.36 billion, a PE ratio of 20.06, a PEG ratio of 2.27 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. TopBuild's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.25 earnings per share. Equities research analysts anticipate that TopBuild Corp. will post 21.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of analyst reports. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. Evercore ISI cut their price objective on TopBuild from $555.00 to $489.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. DA Davidson reduced their price objective on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Truist Financial reduced their price target on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group raised their price target on TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and an average price target of $449.00.

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.