Verition Fund Management LLC cut its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 64.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,299 shares of the construction company's stock after selling 27,925 shares during the period. Verition Fund Management LLC owned approximately 0.05% of TopBuild worth $6,224,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in BLD. Pitcairn Co. increased its stake in TopBuild by 178.2% in the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after acquiring an additional 1,422 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of TopBuild by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock worth $5,493,000 after purchasing an additional 820 shares during the period. Icon Wealth Advisors LLC boosted its holdings in shares of TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock worth $933,000 after purchasing an additional 2,008 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of TopBuild by 37.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after purchasing an additional 48,562 shares during the period. Finally, River Global Investors LLP boosted its holdings in shares of TopBuild by 27.3% in the 3rd quarter. River Global Investors LLP now owns 6,930 shares of the construction company's stock worth $2,818,000 after purchasing an additional 1,485 shares during the period. Institutional investors own 95.67% of the company's stock.
TopBuild Stock Up 0.9 %
TopBuild stock traded up $3.36 during midday trading on Tuesday, reaching $392.77. The company's stock had a trading volume of 180,170 shares, compared to its average volume of 311,086. TopBuild Corp. has a fifty-two week low of $305.00 and a fifty-two week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.59 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.45 and a beta of 1.79. The business has a 50-day simple moving average of $380.92 and a 200-day simple moving average of $395.12.
TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share 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 return on equity of 26.40% and a net margin of 11.66%. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.43 EPS. On average, research analysts expect that TopBuild Corp. will post 20.99 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Stephens decreased their target price on TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. Truist Financial decreased their target price on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group reduced their price target 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 raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $440.44.
Read Our Latest Research Report on TopBuild
About TopBuild
(
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.
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