Scientech Research LLC Buys Shares of 2,562 TopBuild Corp. (NYSE:BLD)

Scientech Research LLC bought a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,562 shares of the construction company's stock, valued at approximately $987,000.

Several other large investors have also recently made changes to their positions in the business. Lazard Asset Management LLC grew its position in TopBuild by 18.2% during the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock valued at $74,228,000 after buying an additional 25,973 shares during the period. Forge First Asset Management Inc. bought a new stake in shares of TopBuild in the 1st quarter worth approximately $16,158,000. Nordea Investment Management AB raised its holdings in shares of TopBuild by 4,820.9% in the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company's stock worth $12,825,000 after purchasing an additional 28,395 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in TopBuild by 53.0% in 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 purchasing an additional 130,563 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in TopBuild by 44.8% during the fourth quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company's stock valued at $8,327,000 after purchasing an additional 6,887 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BLD. Stephens dropped their price target on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Evercore ISI dropped their price objective on shares of TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. DA Davidson reduced their target price 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. Jefferies Financial Group upped their price target on shares of TopBuild from $486.00 to $536.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Finally, StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $449.00.

TopBuild Price Performance

NYSE:BLD traded up $8.47 during mid-day trading on Friday, hitting $409.33. 180,402 shares of the stock traded hands, compared to its average volume of 291,920. The business's 50-day moving average price is $400.77 and its 200 day moving average price is $407.06. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The company has a market cap of $13.02 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68.

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 the consensus estimate 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 for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.25 earnings per share. On average, analysts expect that TopBuild Corp. will post 21.18 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.