State of Alaska Department of Revenue Has $1.42 Million Stock Position in TopBuild Corp. (NYSE:BLD)

State of Alaska Department of Revenue raised its position in TopBuild Corp. (NYSE:BLD) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,486 shares of the construction company’s stock after purchasing an additional 50 shares during the quarter. State of Alaska Department of Revenue’s holdings in TopBuild were worth $1,418,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild in the second quarter worth approximately $30,000. Allspring Global Investments Holdings LLC bought a new stake in TopBuild in the first quarter worth approximately $31,000. UMB Bank n.a. increased its stake in shares of TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of TopBuild during the 1st quarter valued at $56,000. Finally, Blue Trust Inc. lifted its stake in shares of TopBuild by 27.4% in the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after purchasing an additional 63 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the topic of several analyst reports. Evercore ISI increased their target price on shares of TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Jefferies Financial Group cut their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Truist Financial lowered their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Stephens reduced 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 note on Thursday, August 8th. 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $446.89.

TopBuild Trading Up 0.1 %

Shares of BLD stock opened at $353.73 on Monday. The firm has a market capitalization of $10.67 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 2.21 and a beta of 1.79. TopBuild Corp. has a 1 year low of $249.89 and a 1 year high of $495.68. The firm’s fifty day simple moving average is $386.99 and its 200 day simple moving average is $399.85. 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 (NYSE:BLD) last issued its quarterly earnings results 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). 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 firm earned $5.25 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that TopBuild Corp. will post 21.03 EPS for the current 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.