Wealth Enhancement Advisory Services LLC cut its stake in TopBuild Corp. (NYSE:BLD – Free Report) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,471 shares of the construction company’s stock after selling 255 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TopBuild were worth $598,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of BLD. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild in the 2nd quarter worth about $30,000. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild in the 1st quarter worth about $31,000. UMB Bank n.a. lifted its stake in TopBuild by 87.3% in the third 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 purchased a new position in shares of TopBuild during the first quarter valued at approximately $56,000. Finally, Blue Trust Inc. grew its stake in shares of TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after buying an additional 63 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
BLD has been the subject of a number of research analyst reports. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday. Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Evercore ISI decreased their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Truist Financial lowered their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.
TopBuild Trading Up 0.4 %
NYSE BLD opened at $372.54 on Friday. TopBuild Corp. has a one year low of $262.64 and a one year high of $495.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.27 and a beta of 1.79. The company’s 50-day simple moving average is $385.15 and its two-hundred day simple moving average is $399.31.
TopBuild (NYSE:BLD – Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. TopBuild’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $5.43 earnings per share. Equities analysts forecast that TopBuild Corp. will post 21.03 EPS for the current fiscal year.
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.
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