TopBuild Corp. (NYSE:BLD) Shares Sold by Caprock Group LLC

Caprock Group LLC decreased its position in TopBuild Corp. (NYSE:BLD) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,488 shares of the construction company’s stock after selling 54 shares during the period. Caprock Group LLC’s holdings in TopBuild were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild in the second quarter worth $30,000. Kennebec Savings Bank bought a new stake in shares of TopBuild during the 3rd quarter valued at about $45,000. UMB Bank n.a. raised its stake in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after acquiring an additional 62 shares during the period. Blue Trust Inc. lifted its holdings in TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after acquiring an additional 63 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after acquiring an additional 31 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Up 3.3 %

Shares of BLD stock opened at $373.05 on Friday. TopBuild Corp. has a 1 year low of $291.98 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The business’s fifty day moving average is $382.61 and its 200-day moving average is $396.37. The stock has a market cap of $11.01 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.20 and a beta of 1.79.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $5.43 earnings per share. TopBuild’s revenue was up 3.6% compared to the same quarter last year. Equities analysts expect that TopBuild Corp. will post 21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BLD. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Evercore ISI reduced their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group dropped their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Stephens reduced 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 note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

About TopBuild

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.