UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in TopBuild Corp. (NYSE:BLD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in TopBuild Corp. (NYSE:BLD - Free Report) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,912 shares of the construction company's stock after selling 11,324 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.47% of TopBuild worth $56,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLD. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild in the second quarter worth $30,000. Kennebec Savings Bank purchased a new position in TopBuild in the third quarter worth $45,000. Quantbot Technologies LP purchased a new position in TopBuild in the third quarter worth $45,000. UMB Bank n.a. raised its position in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after acquiring an additional 62 shares in the last quarter. Finally, Private Trust Co. NA raised its position in TopBuild by 151.4% in the third quarter. Private Trust Co. NA now owns 176 shares of the construction company's stock worth $72,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analyst Ratings Changes

BLD has been the topic of several research reports. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Truist Financial lowered their target price on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Stephens lowered their target price on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Finally, Jefferies Financial Group lowered their target price on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Price Performance

Shares of BLD traded down $10.00 during trading hours on Wednesday, reaching $382.69. 166,940 shares of the company traded hands, compared to its average volume of 287,413. The stock has a fifty day simple moving average of $380.66 and a 200 day simple moving average of $395.04. TopBuild Corp. has a fifty-two week low of $308.01 and a fifty-two week high of $495.68. The stock has a market capitalization of $11.29 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.45 and a beta of 1.79. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $5.43 earnings per share. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts predict that TopBuild Corp. will post 20.99 EPS for the current fiscal 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.