TopBuild Corp. (NYSE:BLD) Shares Acquired by State Street Corp

State Street Corp lifted its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,120,029 shares of the construction company's stock after buying an additional 34,911 shares during the quarter. State Street Corp owned 3.80% of TopBuild worth $455,639,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pitcairn Co. increased its position in shares of TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after acquiring an additional 1,422 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in TopBuild by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock worth $5,493,000 after purchasing an additional 820 shares during the last quarter. Icon Wealth Advisors LLC raised its position in shares of TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after purchasing an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after buying an additional 48,562 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock valued at $4,600,000 after buying an additional 4,703 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on BLD shares. Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. DA Davidson cut their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Finally, Evercore ISI lowered their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Stock Performance

Shares of NYSE BLD traded down $13.36 during mid-day trading on Tuesday, hitting $366.64. The company had a trading volume of 258,351 shares, compared to its average volume of 287,779. TopBuild Corp. has a 12 month low of $317.72 and a 12 month high of $495.68. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.37 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm's 50 day simple moving average is $378.70 and its two-hundred day simple moving average is $394.33.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $5.43 earnings per share. As a group, equities research analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current 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.