Meeder Asset Management Inc. grew its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 19,538.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,124 shares of the construction company's stock after purchasing an additional 4,103 shares during the period. Meeder Asset Management Inc.'s holdings in TopBuild were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of TopBuild in the 3rd quarter worth $114,220,000. Natixis Advisors LLC purchased a new position in TopBuild during the 3rd quarter worth approximately $41,981,000. Liontrust Investment Partners LLP boosted its position in shares of TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after buying an additional 57,880 shares during the period. Distillate Capital Partners LLC acquired a new position in TopBuild during the second quarter valued at $13,832,000. Finally, Vident Advisory LLC purchased a new stake in TopBuild in the 1st quarter worth about $13,707,000. Institutional investors and hedge funds own 95.67% of the company's stock.
Wall Street Analyst Weigh In
BLD has been the topic of a number of research reports. DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Truist Financial decreased their target price on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Stephens dropped their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and an average target price of $440.44.
Get Our Latest Stock Analysis on BLD
TopBuild Stock Down 0.2 %
Shares of NYSE BLD traded down $0.62 during mid-day trading on Tuesday, reaching $350.23. 223,613 shares of the company traded hands, compared to its average volume of 287,518. The company's fifty day moving average is $383.07 and its two-hundred day moving average is $396.94. TopBuild Corp. has a fifty-two week low of $291.98 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market cap of $10.33 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79.
TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 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 analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.43 earnings per share. On average, analysts expect that TopBuild Corp. will post 21 earnings per share for the current year.
TopBuild Profile
(
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.
Further Reading
Before you consider TopBuild, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TopBuild wasn't on the list.
While TopBuild currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
