Pathstone Holdings LLC Grows Position in TopBuild Corp. (NYSE:BLD)

Pathstone Holdings LLC lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,208 shares of the construction company’s stock after purchasing an additional 41 shares during the quarter. Pathstone Holdings LLC’s holdings in TopBuild were worth $1,712,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BLD. Liontrust Investment Partners LLP increased its holdings in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after buying an additional 57,880 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TopBuild in the 3rd quarter valued at about $114,220,000. Bank of New York Mellon Corp grew its holdings in TopBuild by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock valued at $100,927,000 after purchasing an additional 2,133 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in TopBuild by 7.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock valued at $53,097,000 after purchasing an additional 10,000 shares during the period. Finally, Fiera Capital Corp increased its position in shares of TopBuild by 1.1% in the second quarter. Fiera Capital Corp now owns 138,574 shares of the construction company’s stock valued at $53,388,000 after buying an additional 1,511 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research analyst reports. DA Davidson dropped their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group dropped their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Truist Financial reduced their price target 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. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Stephens reduced their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Stock Up 0.5 %

NYSE BLD opened at $390.00 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 52 week low of $292.20 and a 52 week high of $495.68. The business’s fifty day simple moving average is $382.34 and its 200-day simple moving average is $395.86. The firm has a market cap of $11.51 billion, a PE ratio of 19.60, a P/E/G ratio of 2.56 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping 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 company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm earned $5.43 earnings per share. TopBuild’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that TopBuild Corp. will post 20.99 earnings per share for the current year.

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.