Raymond James & Associates lowered its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 20.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,203 shares of the construction company's stock after selling 3,362 shares during the quarter. Raymond James & Associates' holdings in TopBuild were worth $5,371,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its holdings in shares of TopBuild by 18.2% during the 1st 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 in the last quarter. Forge First Asset Management Inc. acquired a new stake in shares of TopBuild during the 1st quarter worth approximately $16,158,000. Nordea Investment Management AB grew its holdings in shares of TopBuild by 4,820.9% during 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 in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of TopBuild by 12.1% during the 1st quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company's stock worth $15,928,000 after purchasing an additional 3,899 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of TopBuild by 4.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,534 shares of the construction company's stock worth $35,935,000 after purchasing an additional 3,231 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.
Wall Street Analysts Forecast Growth
BLD has been the topic of several recent research reports. DA Davidson decreased their price objective 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 boosted their price target on TopBuild from $489.00 to $491.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Truist Financial decreased their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Stephens decreased their price target on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Finally, Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $446.89.
Check Out Our Latest Stock Report on TopBuild
TopBuild Price Performance
BLD traded up $0.35 during trading on Friday, hitting $353.73. The company's stock had a trading volume of 207,506 shares, compared to its average volume of 284,624. The firm's 50 day moving average price is $386.99 and its two-hundred day moving average price is $399.86. 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 12 month low of $249.89 and a 12 month high of $495.68. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.23 and a beta of 1.77.
TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). The business 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 company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.25 EPS. Sell-side analysts forecast that TopBuild Corp. will post 21.03 earnings per share for the current fiscal year.
About TopBuild
(
Free Report)
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.
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