Inspire Investing LLC Increases Stake in TopBuild Corp. (NYSE:BLD)

Inspire Investing LLC grew its holdings in TopBuild Corp. (NYSE:BLD) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 916 shares of the construction company’s stock after acquiring an additional 102 shares during the period. Inspire Investing LLC’s holdings in TopBuild were worth $353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Axiom Investors LLC DE bought a new stake in TopBuild during the fourth quarter valued at about $87,451,000. Capital International Investors lifted its position in shares of TopBuild by 14.0% during the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after buying an additional 198,614 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after acquiring an additional 130,563 shares during the period. Liontrust Investment Partners LLP increased its holdings in TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after acquiring an additional 57,880 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in TopBuild by 268.8% during the 4th quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock worth $27,703,000 after acquiring an additional 53,950 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of TopBuild stock opened at $406.10 on Monday. The firm has a market cap of $12.92 billion, a PE ratio of 20.47, a PEG ratio of 2.27 and a beta of 1.77. The stock has a 50 day moving average of $405.21 and a 200 day moving average of $407.18. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $5.25 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts expect that TopBuild Corp. will post 21.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BLD shares. Evercore ISI reduced their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Truist Financial cut their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. DA Davidson cut their target price on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Jefferies Financial Group boosted their price target on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average 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.