Hsbc Holdings PLC Has $3.53 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Hsbc Holdings PLC raised its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 115.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,159 shares of the construction company's stock after buying an additional 4,912 shares during the period. Hsbc Holdings PLC's holdings in TopBuild were worth $3,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS Group AG increased its holdings in TopBuild by 0.3% in the fourth quarter. UBS Group AG now owns 16,659 shares of the construction company's stock worth $6,235,000 after buying an additional 47 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of TopBuild by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 48,067 shares of the construction company's stock worth $17,989,000 after purchasing an additional 174 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of TopBuild by 19.2% during the 4th quarter. Franklin Resources Inc. now owns 4,549 shares of the construction company's stock valued at $1,703,000 after purchasing an additional 734 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of TopBuild in the 4th quarter valued at $307,000. Finally, Allianz Asset Management GmbH boosted its holdings in TopBuild by 268.8% in the fourth quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company's stock worth $27,703,000 after purchasing an additional 53,950 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stephens reduced their price target on TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group boosted their target price on TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. 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. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Truist Financial lowered their price target 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $449.00.

TopBuild Price Performance

Shares of NYSE BLD traded up $3.51 during midday trading on Thursday, reaching $401.55. 115,499 shares of the company traded hands, compared to its average volume of 292,182. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. 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 stock's 50-day simple moving average is $402.51 and its 200-day simple moving average is $407.03. The firm has a market cap of $12.78 billion, a PE ratio of 20.21, a PEG ratio of 2.53 and a beta of 1.77.

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

About TopBuild

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.