Commerce Bank Has $426,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

Commerce Bank lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,046 shares of the construction company’s stock after purchasing an additional 64 shares during the quarter. Commerce Bank’s holdings in TopBuild were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BLD. Assenagon Asset Management S.A. increased its position 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 during the last quarter. Andina Capital Management LLC raised 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 valued at $335,000 after acquiring an additional 27 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in TopBuild by 3.5% in the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after purchasing an additional 30 shares during the last quarter. Fifth Third Bancorp boosted its position in TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after purchasing an additional 31 shares during the period. Finally, Hanseatic Management Services Inc. grew its holdings in 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 during the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stephens decreased their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson cut their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Jefferies Financial Group cut 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Trading Down 4.6 %

BLD stock opened at $387.95 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $11.45 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.35 and a beta of 1.79. TopBuild Corp. has a 1-year low of $292.20 and a 1-year high of $495.68. The business’s 50 day moving average is $382.64 and its 200-day moving average is $396.04.

TopBuild (NYSE:BLD) last announced its quarterly earnings results 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 firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.43 earnings per share. Equities analysts anticipate that TopBuild Corp. will post 20.99 earnings per share for the current fiscal 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.