Promethos Capital LLC Has $4.07 Million Stake in TopBuild Corp. (NYSE:BLD)

Promethos Capital LLC raised its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 117.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,571 shares of the construction company's stock after buying an additional 5,700 shares during the period. TopBuild comprises approximately 1.5% of Promethos Capital LLC's investment portfolio, making the stock its 27th biggest position. Promethos Capital LLC's holdings in TopBuild were worth $4,073,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BLD. Assenagon Asset Management S.A. raised its holdings in TopBuild by 0.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company's stock worth $2,379,000 after buying an additional 23 shares during the period. Panagora Asset Management Inc. lifted its position in shares of TopBuild by 2.4% in the 4th quarter. Panagora Asset Management Inc. now owns 1,102 shares of the construction company's stock valued at $412,000 after acquiring an additional 26 shares in the last quarter. Andina Capital Management LLC boosted its stake in TopBuild by 3.2% in the 2nd quarter. Andina Capital Management LLC now owns 870 shares of the construction company's stock worth $335,000 after purchasing an additional 27 shares during the period. CIBC Asset Management Inc grew its position in TopBuild by 3.5% during the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company's stock worth $342,000 after purchasing an additional 30 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company's stock valued at $128,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BLD shares. DA Davidson lowered their price target on TopBuild from $470.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Evercore ISI reduced their price target on shares of TopBuild from $555.00 to $489.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. Truist Financial cut their target price 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 boosted their price target on shares of TopBuild from $486.00 to $536.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, TopBuild presently has a consensus rating of "Moderate Buy" and an average price target of $449.00.

TopBuild Stock Down 3.3 %

Shares of TopBuild stock traded down $13.80 during midday trading on Friday, reaching $406.02. 847,354 shares of the company's stock traded hands, compared to its average volume of 293,640. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.27 and a beta of 1.77. TopBuild Corp. has a 52 week low of $217.08 and a 52 week high of $495.68. The company's 50 day simple moving average is $405.73 and its 200 day simple moving average is $407.16. 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 announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm earned $5.25 EPS. TopBuild's quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts expect that TopBuild Corp. will post 21.18 earnings per share for the current fiscal year.

TopBuild Company 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.