TopBuild Corp. (NYSE:BLD) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 40.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 20,685 shares of the construction company's stock after acquiring an additional 5,910 shares during the quarter. Van ECK Associates Corp owned about 0.07% of TopBuild worth $7,671,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild in the second quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild in the first quarter valued at approximately $31,000. UMB Bank n.a. boosted its position in shares of TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after buying an additional 62 shares during the period. Headlands Technologies LLC acquired a new stake in shares of TopBuild during the first quarter worth about $56,000. Finally, Blue Trust Inc. grew its holdings in shares of TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock valued at $113,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

BLD has been the subject of several research reports. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Stephens decreased their price target 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. Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Truist Financial cut their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Finally, DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Trading Down 0.0 %

NYSE:BLD traded down $0.09 during trading hours on Thursday, reaching $371.08. 141,947 shares of the company were exchanged, compared to its average volume of 287,982. TopBuild Corp. has a 52-week low of $262.64 and a 52-week high of $495.68. The stock has a 50 day simple moving average of $385.53 and a 200 day simple moving average of $399.50. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 2.21 and a beta of 1.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company posted $5.43 EPS. The company's revenue was up 3.6% compared to the same quarter last year. As a group, analysts predict that TopBuild Corp. will post 21.03 EPS for the current year.

TopBuild 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.