JPMorgan Chase & Co. Increases Holdings in TopBuild Corp. (NYSE:BLD)

JPMorgan Chase & Co. increased its stake in shares of TopBuild Corp. (NYSE:BLD) by 14.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 85,613 shares of the construction company’s stock after purchasing an additional 10,612 shares during the period. JPMorgan Chase & Co.’s holdings in TopBuild were worth $34,828,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild in the second quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in TopBuild during the 3rd quarter worth approximately $31,000. Kennebec Savings Bank purchased a new stake in TopBuild in the 3rd quarter worth approximately $45,000. Quantbot Technologies LP bought a new position in TopBuild in the 3rd quarter valued at $45,000. Finally, UMB Bank n.a. grew its position 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 valued at $54,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BLD shares. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $439.38.

TopBuild Trading Up 1.0 %

Shares of BLD opened at $319.62 on Tuesday. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.31 and a beta of 1.84. The firm has a 50 day moving average price of $352.24 and a 200-day moving average price of $382.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $5.43 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that TopBuild Corp. will post 20.95 earnings per share 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.