TopBuild Corp. (NYSE:BLD) Shares Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. boosted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,213 shares of the construction company's stock after purchasing an additional 2,758 shares during the period. Dixon Mitchell Investment Counsel Inc. owned approximately 0.12% of TopBuild worth $15,545,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in TopBuild by 18.2% during the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock worth $74,228,000 after purchasing an additional 25,973 shares during the period. Forge First Asset Management Inc. acquired a new stake in shares of TopBuild during the first quarter valued at about $16,158,000. Nordea Investment Management AB increased its position in shares of TopBuild by 4,820.9% during the first quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company's stock valued at $12,825,000 after acquiring an additional 28,395 shares during the last quarter. Wellington Management Group LLP increased its position in shares of 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 acquiring an additional 6,887 shares during the last quarter. Finally, Monument Capital Management acquired a new stake in shares of TopBuild during the first quarter valued at about $2,824,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Up 1.4 %

NYSE BLD traded up $5.55 on Friday, hitting $414.77. 228,855 shares of the stock were exchanged, compared to its average volume of 284,741. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The company has a market cap of $13.20 billion, a PE ratio of 20.91, a PEG ratio of 2.45 and a beta of 1.77. The company has a 50-day moving average price of $389.93 and a 200-day moving average price of $404.02.

TopBuild (NYSE:BLD - Get Free Report) last posted 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). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm earned $5.25 EPS. The company's revenue was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that TopBuild Corp. will post 21.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Evercore ISI lifted their price target on shares of TopBuild from $489.00 to $491.00 and gave the company an "outperform" rating in a research report on Wednesday. Truist Financial dropped 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. StockNews.com cut shares of TopBuild from a "buy" rating to a "hold" rating in a report on Friday, October 11th. Finally, Stephens dropped their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $446.89.

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.