Victory Capital Management Inc. Buys 10,050 Shares of TopBuild Corp. (NYSE:BLD)

Victory Capital Management Inc. grew its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 29.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 43,608 shares of the construction company's stock after purchasing an additional 10,050 shares during the period. Victory Capital Management Inc. owned about 0.14% of TopBuild worth $17,740,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of BLD. Assenagon Asset Management S.A. grew its holdings in TopBuild by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company's stock worth $2,379,000 after buying an additional 23 shares in the last quarter. Andina Capital Management LLC grew its stake in shares of TopBuild by 3.2% in the 2nd quarter. Andina Capital Management LLC now owns 870 shares of the construction company's stock worth $335,000 after acquiring an additional 27 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of TopBuild by 3.5% in the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company's stock valued at $342,000 after purchasing an additional 30 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company's stock valued at $128,000 after purchasing an additional 31 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its position in shares of TopBuild by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company's stock valued at $712,000 after purchasing an additional 31 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Up 1.1 %

Shares of BLD opened at $350.85 on Tuesday. TopBuild Corp. has a fifty-two week low of $291.98 and a fifty-two week high of $495.68. The business has a 50-day moving average of $383.30 and a 200 day moving average of $397.31. The firm has a market cap of $10.35 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last posted 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. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $5.43 earnings per share. As a group, research analysts forecast that TopBuild Corp. will post 21 EPS for the current year.

Analyst Upgrades and Downgrades

BLD has been the subject of several analyst reports. Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Stephens decreased their price target 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. Evercore ISI cut their price objective on TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Finally, DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.