TopBuild Corp. (NYSE:BLD) Holdings Cut by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in TopBuild Corp. (NYSE:BLD - Free Report) by 49.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,061 shares of the construction company's stock after selling 11,896 shares during the quarter. BNP Paribas Financial Markets' holdings in TopBuild were worth $4,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pitcairn Co. increased its stake in shares of TopBuild by 178.2% in the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock valued at $903,000 after purchasing an additional 1,422 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of TopBuild by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock valued at $5,493,000 after purchasing an additional 820 shares during the period. Icon Wealth Advisors LLC increased its stake in shares of TopBuild by 704.6% in the third 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 during the period. Massachusetts Financial Services Co. MA increased its stake in shares of TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after purchasing an additional 48,562 shares during the period. Finally, River Global Investors LLP increased its stake in shares of TopBuild by 27.3% in the third quarter. River Global Investors LLP now owns 6,930 shares of the construction company's stock valued at $2,818,000 after purchasing an additional 1,485 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Trading Down 2.9 %

TopBuild stock traded down $11.57 during midday trading on Wednesday, reaching $381.12. The stock had a trading volume of 127,450 shares, compared to its average volume of 287,222. The firm's fifty day simple moving average is $380.66 and its two-hundred day simple moving average is $395.04. TopBuild Corp. has a twelve month low of $308.01 and a twelve month high of $495.68. 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 has a market cap of $11.24 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.45 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping 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 firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $5.43 EPS. The company's revenue was up 3.6% on a year-over-year basis. Equities analysts anticipate that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BLD. Stephens lowered their price objective 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. DA Davidson lowered their price objective 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. Truist Financial lowered their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Evercore ISI lowered their price objective on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group lowered their price objective on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Company Profile

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.