35,902 Shares in TopBuild Corp. (NYSE:BLD) Bought by Distillate Capital Partners LLC

Distillate Capital Partners LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 35,902 shares of the construction company's stock, valued at approximately $13,832,000. Distillate Capital Partners LLC owned 0.11% of TopBuild at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in TopBuild during the second quarter worth approximately $959,000. Magnetar Financial LLC acquired a new stake in TopBuild during the second quarter worth approximately $1,937,000. Frank Rimerman Advisors LLC acquired a new stake in TopBuild during the second quarter worth approximately $202,000. Promethos Capital LLC grew its position in TopBuild by 117.0% during the second quarter. Promethos Capital LLC now owns 10,571 shares of the construction company's stock worth $4,073,000 after buying an additional 5,700 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in TopBuild by 775.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 31,163 shares of the construction company's stock worth $12,006,000 after buying an additional 27,605 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLD. Truist Financial reduced their target price on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Stephens reduced their target price on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Evercore ISI reduced their target price on TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Monday. Finally, Jefferies Financial Group raised their target price on TopBuild from $486.00 to $536.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $449.00.

TopBuild Price Performance

Shares of BLD traded down $1.45 during trading hours on Tuesday, reaching $405.71. The stock had a trading volume of 272,623 shares, compared to its average volume of 293,271. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. The stock has a market capitalization of $12.91 billion, a PE ratio of 20.45, 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. The company's 50-day moving average is $403.40 and its two-hundred day moving average is $407.09.

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