TopBuild Corp. (NYSE:BLD) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in TopBuild Corp. (NYSE:BLD) by 115.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,159 shares of the construction company’s stock after acquiring an additional 4,912 shares during the quarter. Hsbc Holdings PLC’s holdings in TopBuild were worth $3,525,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of TopBuild in the 2nd quarter valued at about $30,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild in the 1st quarter valued at about $31,000. Rise Advisors LLC acquired a new stake in shares of TopBuild in the 1st quarter valued at about $37,000. Headlands Technologies LLC acquired a new stake in shares of TopBuild in the 1st quarter valued at about $56,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of TopBuild by 2,300.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company’s stock valued at $99,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

NYSE BLD opened at $398.04 on Thursday. TopBuild Corp. has a 52 week low of $217.08 and a 52 week high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. The company has a 50-day moving average price of $402.51 and a two-hundred day moving average price of $407.03.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $5.25 earnings per share. Analysts forecast that TopBuild Corp. will post 21.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BLD. Truist Financial cut their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Stephens lowered their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. DA Davidson lowered their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Evercore ISI lowered their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their price objective on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.00.

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.