River Global Investors LLP Buys 1,485 Shares of TopBuild Corp. (NYSE:BLD)

River Global Investors LLP grew its position in TopBuild Corp. (NYSE:BLD - Free Report) by 27.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,930 shares of the construction company's stock after purchasing an additional 1,485 shares during the period. River Global Investors LLP's holdings in TopBuild were worth $2,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. increased its holdings in TopBuild by 3.9% during the third quarter. Assetmark Inc. now owns 16,922 shares of the construction company's stock worth $6,884,000 after buying an additional 641 shares during the last quarter. Equitable Trust Co. purchased a new stake in TopBuild during the third quarter worth about $369,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in TopBuild during the third quarter worth about $12,208,000. Summit Global Investments increased its holdings in TopBuild by 10.0% during the third quarter. Summit Global Investments now owns 660 shares of the construction company's stock worth $268,000 after buying an additional 60 shares during the last quarter. Finally, Olympiad Research LP purchased a new stake in TopBuild during the third quarter worth about $277,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Price Performance

Shares of BLD stock traded down $3.66 during trading hours on Friday, reaching $368.89. The stock had a trading volume of 191,555 shares, compared to its average volume of 291,728. The stock's fifty day simple moving average is $384.66 and its 200 day simple moving average is $399.30. The company has a current ratio of 2.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 12 month low of $262.64 and a 12 month high of $495.68. The firm has a market capitalization of $10.88 billion, a PE ratio of 18.61, a PEG ratio of 2.32 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the business earned $5.43 earnings per share. TopBuild's revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that TopBuild Corp. will post 21.02 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on BLD shares. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. DA Davidson cut their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday. Jefferies Financial Group cut their target price 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. Truist Financial cut their target price 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. Finally, Evercore ISI cut their target price on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $440.44.

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.