Janney Montgomery Scott LLC Buys 1,092 Shares of TopBuild Corp. (NYSE:BLD)

Janney Montgomery Scott LLC increased its stake in TopBuild Corp. (NYSE:BLD) by 37.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,974 shares of the construction company’s stock after purchasing an additional 1,092 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TopBuild were worth $1,617,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after purchasing an additional 15,965 shares during the period. Liontrust Investment Partners LLP raised its holdings in TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares during the period. Bank of New York Mellon Corp raised its holdings in TopBuild by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock valued at $100,927,000 after acquiring an additional 2,133 shares during the period. Lazard Asset Management LLC raised its holdings in TopBuild by 18.2% during the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after acquiring an additional 25,973 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in TopBuild by 7.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock valued at $53,097,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BLD shares. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. DA Davidson decreased their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Evercore ISI decreased their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Truist Financial decreased their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Stephens cut their target price 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Down 0.3 %

NYSE:BLD opened at $358.85 on Thursday. The company’s 50 day moving average price is $383.77 and its 200-day moving average price is $398.54. TopBuild Corp. has a 52 week low of $279.74 and a 52 week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 2.26 and a beta of 1.79.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company posted $5.43 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that TopBuild Corp. will post 21.06 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.