US Bancorp DE Raises Holdings in TopBuild Corp. (NYSE:BLD)

US Bancorp DE raised its position in TopBuild Corp. (NYSE:BLD - Free Report) by 539.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,393 shares of the construction company's stock after acquiring an additional 6,236 shares during the quarter. US Bancorp DE's holdings in TopBuild were worth $3,008,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BLD. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the 2nd quarter worth $30,000. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild in the 1st quarter worth approximately $31,000. UMB Bank n.a. raised its stake in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after acquiring an additional 62 shares during the period. Headlands Technologies LLC purchased a new stake in shares of TopBuild in the first quarter worth $56,000. Finally, Blue Trust Inc. raised its position in shares of TopBuild by 27.4% during the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock valued at $113,000 after purchasing an additional 63 shares during the period. Institutional investors own 95.67% of the company's stock.

TopBuild Trading Down 1.7 %

Shares of NYSE:BLD traded down $6.54 during trading hours on Wednesday, hitting $371.17. 598,496 shares of the company's stock traded hands, compared to its average volume of 288,640. The business has a fifty day moving average price of $385.93 and a 200-day moving average price of $399.70. TopBuild Corp. has a 1 year low of $262.64 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The firm has a market capitalization of $11.20 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last issued 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. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the firm earned $5.43 earnings per share. The business's revenue was up 3.6% on a year-over-year basis. Equities analysts expect that TopBuild Corp. will post 21.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Evercore ISI dropped their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. DA Davidson lowered their target price on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Stephens cut their target price on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial dropped their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $441.56.

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.